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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 586542
Sold Date 07/23/24
Bedrooms 3
Annual Tax Amount $5,187
Tax Year 2024
Property Description
INVESTOR ALERT!!! Fantastic income producing property located near Stockton University in Atlantic City. With great potential, this building and its apartments offer a unique opportunity to rent to students, making it a highly desirable investment. Although the property is in need of some TLC, this allows for customization and enhancement, enabling you to maximize its value. Situated in close proximity to the university, this prime location ensures a steady influx of students seeking housing, offering a reliable source of rental income. Don't miss out on this excellent chance to capitalize on the ever-growing demand for student rentals. Basement apartment is a 2 bedroom, 1 bath with a monthly rent of $1,050.00. Unit 2 is a 3 bedroom, 2 Bath unit paying $1,125.00 per month. Unit # 3 is a 3 bedroom, 1.5 Bath unit paying $1,250.00 per month. Tenants all pay their own electric. Units 2 and 3 pay gas for cooking and hot water. Owner pays gas for heating and cooking/hot water for basement apartment and coin operated Laundry for building.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Boardwalk Area
Rooms
Basement Finished, Full, Partially Finished
Interior
Heating Gas-Propane, Radiator
Exterior
Exterior Feature Brick, Shingle
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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