1637 Atlantic Ave, Atlantic City, NJ 08401 Homes for Sale

For Sale

$475,000

• 5 beds
• 2 baths
• 4602 Sq Ft

1637 Atlantic Avenue,
Atlantic City, NJ, 08401

Atlantic Latitude 39.360961 - Longitude -74.431728

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Overview

Listing Status Active

MLS 580707

Property Type

Duplex

Year built

0

Total rooms

5

Lot size

0 Acres

Time on NeighborWho

147 days

Stories

-

Price per Sq Ft

$103

Parking

0e0 car garage

Basement

-

About 1637 Atlantic Ave, Atlantic City, NJ

INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is... renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 .Water & Sewer $1,100.00 per year Read more

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