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Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 580638
Sold Date 09/27/24
Bedrooms 5
Year Built 1930
Annual Tax Amount $9,982
Tax Year 2023
Property Description
Just Passed 5 Year DCA State Inspection March 2024! Welcome to 105 Albion Place, a fantastic opportunity for investors and those seeking a beachside property in Atlantic City. Seller financing available! AirBnB Hosts and Investor Alert! - Renovated & Fully Occupied BEACH BLOCK 7-Unit Multi-Family BLDG is up for sale near the Vibrant Tropicana hotel and casino and two doors down from Chef Volas, argulably the best Italian Restaurant in Jersey! This property boasts SUPER low taxes with a DOUBLE DIGIT CAP RATE making it a truly exceptional investment. This sale is offering up an unbeatable location that is absolutley ideal and presents buyers with a broad range of numerous possibilities, whether you want to retain all the annual tenants, occupy a unit for yourself, or take advantage of the booming short term vacation rental market on platforms like VRBO & Airbnb. This bldg offers versatility and potnetial. It is conveniently close to "The Walk" at the renowned Tanger Outlets shopping and AC Convention Center, 5 star Fine Dining and Nightlife establishments, Steps to Jersey Shore Beaches, the Worlds most Famous Boardwalk, and Atlantic Ocean, & close to the Brand New Stockton Universitys Island Campus! At this time there are no seperate utilties. Income and Expense sheet is available to qualified buyers. Some of the various finaincing optons include Private financing available starting at 10% as wella as 10% owner finaincing, open to 1031 Exchange, Conventional financing, DSCR loans, Hard Money Loans, or buy it with a few of your bitcoins! Don't miss out on this chance to own a piece of Atlantic City's thriving real estate market. Contact us today for income and expense details or to schedule a viewing. Embrace the potential of 105 Albion Place and make your mark in this sought-after beachside community.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Beach Block,Boardwalk Area
Rooms
Basement Finished
Interior
Heating Baseboard, Gas-Natural, Hot Water, Radiator
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community Yes
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