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1637 Atlantic Avenue , #1637

Atlantic City, NJ 08401
  • $475,000
  • STATUS: Active
  • ON SITE: 260 Days
  • MLS #: 579122
UPDATED: 224 min ago
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft mix use 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 rent : 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 per year . annual income of $69,600.00 .Water & Sewer $1,100.00 per year.

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© 2024 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dwyer Group | Goldcoast Sotheby's International Realty. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2024-07-13T23:49:53.193.
www.dwyergrouprealestate.com/homes/144774180
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1637 Atlantic Avenue , #1637 Atlantic City, NJ 08401

  • Price: $475,000
  • Status: Active
  • On Site: 260 Days
  • Updated: 224 min ago
  • MLS #: 579122
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft mix use 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 rent : 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 per year . annual income of $69,600.00 .Water & Sewer $1,100.00 per year.
Exterior Features

Commercial Style Comm. w/Apartments Loading Docks 0 Location Business District Lot Dimensions 22.13 x 100 Overhead Door Height 0 Overhead Doors 0 Parking None Roof Flat Stories 3 Waterfront YN No

Interior Features

Baths 4 Elevators 0 Heating Gas-Natural Interior Features Display WindowsRestroomSmoke/Fire AlarmStorage Specialty Rooms Shower Room(s)

Property Features

Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No Buildings 1 Lot Number 7 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2022 Taxes 8782 Water Public

South Jersey Shore Regional MLS logo Listing information © 2024 South Jersey Shore Regional MLS.
Listing provided courtesy of BALSLEY/LOSCO-VENTNOR: .


© 2024 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dwyer Group | Goldcoast Sotheby's International Realty. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2024-07-13T23:49:53.193.
 
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The Dwyer Group | Goldcoast Sotheby's International Realty
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Ocean City NJ, 08226