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2601 Pacific , #4

Atlantic City, NJ 08401
  • $549,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 586790
$549,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1978
County:

School Ratings & Info

Description

Great investment opportunity to own (or lease to buy) a property located in Chelsea Development Area in Atlantic City. It is a mix-use, fully occupied multiple units building with three residential units on the second floor and one storefront on the first floor currently occupied by good, long term tenants. The current rental income is $4000 per month. Since it's being managed by an absentee landlord so the rents haven't been increased since 2017, which is way below market value. With a little TLC, the new owner can easily collect $7000 monthly income. The property is located in the intersection of Texas Ave and Pacific Ave. It is within 5 minutes walking distance to Tropicana casino, convenient store, beach, and jitney bus line that could take you throughout the Atlantic City. Meanwhile, it is also convenient to banks, highway, train station, and the Tanger outlet shopping area.

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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 2024-07-14T23:50:23.407.
www.dwyergrouprealestate.com/homes/152299559
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2601 Pacific , #4 Atlantic City, NJ 08401

  • Price: $549,000
  • Status: Active
  • On Site: 11 Days
  • MLS #: 586790
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1978
Built
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
Great investment opportunity to own (or lease to buy) a property located in Chelsea Development Area in Atlantic City. It is a mix-use, fully occupied multiple units building with three residential units on the second floor and one storefront on the first floor currently occupied by good, long term tenants. The current rental income is $4000 per month. Since it's being managed by an absentee landlord so the rents haven't been increased since 2017, which is way below market value. With a little TLC, the new owner can easily collect $7000 monthly income. The property is located in the intersection of Texas Ave and Pacific Ave. It is within 5 minutes walking distance to Tropicana casino, convenient store, beach, and jitney bus line that could take you throughout the Atlantic City. Meanwhile, it is also convenient to banks, highway, train station, and the Tanger outlet shopping area.
Exterior Features

Commercial Style Other (See Remarks) Lot Dimensions 38*78 Roof AsphaltFlat Siding Exterior Stucco Stories 2 Waterfront YN No

Interior Features

Baths 6 Elevators 0 Heating BaseboardMulti-Zoned Hot Water Gas Wash Rooms 0

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No Lot Number 4 May Be Subject To Third Party Approval Short Sale No Sewer Private Tax Year 2023 Taxes 10609

South Jersey Shore Regional MLS logo Listing information © 2024 South Jersey Shore Regional MLS.
Listing provided courtesy of REALMART REALTY: .


© 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.
 
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