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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 576187
Sold Date 10/06/23
Bedrooms 2
Year Built 1920
Annual Tax Amount $8,147
Tax Year 2022
Property Description
Profitable investment opportunity with cap rate of 12%, the yearly net profit is $55,000+. Old house charm! Downstairs is rented year around for $1,400 a month and the tenant pays their own utilities (3 BED 1 BATH). The second floor is rented through Airbnb (4 BED 2 BATH) The second floor sells fully furnished. Excellent location two blocks from the beach and boardwalk and Stockton college.
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
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