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$ 1,599,000
Est. payment | /mo
10 Beds
$ 1,599,000
Est. payment | /mo
10 Beds
Key Details
Property Type Multi-Family
Sub Type 11 - 20 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 589789
Bedrooms 10
Year Built 1930
Annual Tax Amount $19,331
Tax Year 2024
Property Sub-Type 11 - 20 Units
Property Description
Investment Opportunity: 100% Occupied Multifamily Property This well-maintained property boasts great yearly income and is fully occupied. Significant upgrades have been made to enhance both aesthetics and functionality, including modernized hallways and common areas featuring new ceiling lights, fire exit lights, and a comprehensive camera system. The building also features a new 20-year roof with updated metal and drainage systems. With an impressive cap rate, this property is a strong contender in today’s market. Please see the enclosed income and expense statements. Ideally located on Pacific Avenue, this property benefits from proximity to the new buildings of Stockton University, oceanfront condominiums, and the renowned Knife and Fork restaurant, ensuring easy access to key attractions and major entryways.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Radiator
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by FARLEY and FERRY REALTY, INC
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