• Asking Price $475,000

  • 1637 ATLANTIC AVE ATLANTIC CITY, NJ 08401

  • 5 Beds 2 Baths
  • Commercial / Resale (MLS)
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Property Details for 1637 ATLANTIC AVE, ATLANTIC CITY, NJ 08401

Features

  • Lot Size: 2213 sq. ft.
  • Total Units: 1
  • Total Rooms: 9
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Den, Kitchen
  • Stories: 2
  • Construction Type: Frame

Facts

  • Year Built: 01/01/1930
  • Property ID: 831530452
  • MLS Number: 580707
  • Parcel Number: 02 00290-0000-00007
  • Property Type: Commercial
  • County: Atlantic
  • Zoning: CBD
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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

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Property Brokerage: Balsley/Losco Realty 6521 VENTNOR AVENUE VENTNOR NJ 8406
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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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