$1,200,000
$1,375,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
307 Atlantic Ave Atlantic City, NJ 08401
12 Beds
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type 11 - 20 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 521024
Sold Date 01/31/20
Bedrooms 12
Property Description
EVERYTHING IS NEW IN THIS BLDG!!!! Fully renovated 12 unit apt bldg, NO EXPENSE SPARED!! Features six 1bdrms and six 2bdrm newly renovated apts. Without a doubt the nicest multi unit bldg for sale in the city. Owner spent the past several years gutting it to the bare bricks before starting the renovations. We have a photo album & CD with Videos of the work being done along the way, all income and expenses have been verified, lead base paint, elevation cert, etc are all available to qualified buyers. The location is in ideal walking distance to Beach and Boardwalk, Hard Rock & Ocean Resort Casino, The Showboat, Absecon Lighthouse, Historic Gardner's Basin, Atlantic City Aquarium, & the Inlet. Price includes new parking area behind building currently under way, and all public transportation is available out front of the building. Everythig is new on this building, it has new roof, windows, front facade, PVC fence, sidewalks, fire escape, 3/4 CDX sub floor, sheetrock, mold resistant drywall, framing, insulation, smart vents, flooring, tile, kitchens, bath, appliances, water heaters, fire monitering system, Comcast Main & Verizon Terminal, tubs, sinks, garbage disposal, gas lines, water lines, sewer lines, drain lines, plumbing, electric (13 Meters, 100amp each apt), and utilities. EVERYTHING ALL NEW!! Collect rents with no ongoing repairs, low taxes & flood ins. 9 Units allready rented out!! 10.5% CAP if fully rented, Perfect for 1031 tax exchange or investment property.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Boardwalk Area,Water View
Rooms
Other Rooms Laundry/Utility Rm
Basement Crawl Space
Interior
Heating Baseboard, Electric
Exterior
Exterior Feature Brick, Stucco
Garage None
Building
Sewer Public Sewer
Water Public
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