UPDATED:
08/14/2024 07:00 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $256
Subdivision Atlantic City
MLS Listing ID NJAC2012294
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $9,625
Tax Year 2023
Lot Size 2,400 Sqft
Acres 0.06
Lot Dimensions 32.00 x 75.00
Property Description
Of the remaining units, three have been recently renovated to modern standards, while the two others are clean and solid, offering the perfect canvas for renovation to further increase rents. All units are currently leased below market rates, making this an exceptional value-add investment opportunity.
Nestled in the desirable Chelsea Heights, the building is conveniently located under two blocks from the beach at Bartram's Garden, featuring a beautiful grass area and restrooms. Just a short stroll away, you'll find the bay, Stockton College, and the renowned Knife and Fork Inn and Restaurant. And with easy access to all that Atlantic City, Ventnor, Margate, and Longport have to offer, this property is in the heart of it all.
Don't miss out on this incredible investment opportunity – seize it before someone else does!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning R-2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Central
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00204-00001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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