Skip To Content

1637 Atlantic

Atlantic City, NJ 08401
  • $475,000
  • STATUS: Active
  • ON SITE: 204 Days
  • MLS #: 580707
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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

Monthly Payment Calculator



© 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 2024-07-14T23:50:23.407.
www.dwyergrouprealestate.com/homes/146214938
Print Image

1637 Atlantic Atlantic City, NJ 08401

  • Price: $475,000
  • Status: Active
  • On Site: 204 Days
  • MLS #: 580707
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 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
Exterior Features

Garage None Location See Remarks Lot Dimensions 22.13 x 100 Outside Features DeckSidewalks Parking None Waterfront YN No

Interior Features

Appliances Gas StoveRefrigerator Heating Gas-NaturalSee Remarks Other Rooms Den/TV RoomKitchen

Property Features

Adult Community /55+ No Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No Lot Number 7 May Be Subject To Third Party Approval Short Sale No Multifamily Type Duplex New Construction No Number Of2 Bedroom Units 1 Number Of3 Bedroom Units 1 Rental Information See Remarks Sale Or Rent For Sale Separate Meters ElectricHeatHot Water Sewer Public Sewer Suitable For Other (See Remarks) 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 2024-07-14T23:50:23.407.
 
https://bt-photos.global.ssl.fastly.net/sjersey/orig_boomver_1_580707-2.jpg https://bt-photos.global.ssl.fastly.net/sjersey/orig_boomver_1_580707-2.jpg https://bt-photos.global.ssl.fastly.net/sjersey/orig_boomver_1_580707-2.jpg
Logo
The Dwyer Group | Goldcoast Sotheby's International Realty
200 34th Street
Ocean City NJ, 08226