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$ 650,000
Est. payment | /mo
4 Beds
2,798 SqFt
$ 650,000
Est. payment | /mo
4 Beds
2,798 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,798 sqft
Price per Sqft $232
MLS Listing ID 611904
Bedrooms 4
Year Built 1900
Annual Tax Amount $9,975
Tax Year 2026
Lot Size 2,798 Sqft
Property Sub-Type 4 - 10 Units
Property Description
Investment Opportunity in Atlantic City! Welcome to 17 N. Sovereign Avenue, a four-unit multifamily property in Atlantic City's Chelsea neighborhood. The property features three two-bedroom units and one one-bedroom unit. Three units are currently occupied—two on month-to-month agreements and one with an active one-year lease—and the fourth unit is vacant. Combined monthly rents, including the estimated market rent for the vacant unit, total $6,550. Each unit has separate electric and gas meters, with tenants responsible for their own utilities. There are no common areas. Conveniently located near Stockton University's Atlantic City campus, the beach and Boardwalk, casinos, shopping, dining, public transportation, and major roadways. Schedule your appointment through Showing Time to explore this investment opportunity. The listing agent must accompany all showings. Contact the listing agent for additional details.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Gas-Natural
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by WEICHERT REALTORS ASBURY GROUP-AC
Nearby Locations
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Angela Desch
Broker & Area Leader Lic# 0226655