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$ 495,000
Est. payment | /mo
1,742 Sqft Lot
$ 495,000
Est. payment | /mo
1,742 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 597815
Year Built 1950
Annual Tax Amount $7,767
Tax Year 2024
Lot Size 1,742 Sqft
Property Description
Fantastic opportunity! Legal 6 units!!! Phenomenal location across from Tanger outlets and Arts Garage. Designated Arts and Tourism district with iconic White House Subs and Angelo's Fairmount Tavern at each corner. Close to Train and bus terminals, hospital, Casinos & more. 92 walk Score. A Walker's Paradise. All units 1 Bedroom, 1 Bath. Rear unit is vacant and in need of renovation with projected rent at $1,200/month. All other units are in good condition with Certificates of Occupancy. Last unit rented for $1,050/month. Upgraded units could easily rent for $1,200/month. Tenants pay electric and heat (electric baseboard). Expenses are actual and provided by the Seller. Property has rear yard with shed that can be renovated to include coin op washer & dryer. Building is being sold AS-IS.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Building
Story 3
Listed by COLDWELL BANKER ARGUS REAL ESTATE-Northfield
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Angela Desch
Broker & Area Leader | Lic# 0226655