1637 Atlantic Ave
Atlantic City,
NJ
08401
Property Details
List Price: |
$475,000 |
Beds: |
5 |
Baths: |
2 |
Status: |
Active |
SqFt: |
4602 |
Agency: |
Balsley/Losco Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
-- |
Notes: |
INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 .Water & Sewer $1,100.00 per year |
MlsNumber: |
580707 |
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Listing Provided By: |
Balsley/Losco Realty, original listing |
Name: |
Balsley/Losco Realty |
Phone: |
(609) 872-6600 |
Office Name: |
BALSLEY/LOSCO-VENTNOR |
Office Phone: |
(609) 822-9615 |
Agent Name: |
DONNA PALAZZO-BURNSIDE |
Disclaimer: |
Copyright © 2024 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |