307 Atlantic Avenue
307 Atlantic Avenue Atlantic City, New Jersey 08401 United States

$1,500,000
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26% Projected Cap-Rate as an AirBnB - Investor ALERT - 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...

WEICHERT REALTORS ASBURY GROUP-AC

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
$1,500,000
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6
Bedrooms
Multi-Family Homes
Property type
559882
Web Id
559882
MLS ID
Atlantic City
School District
15
days ago
This Property is Currently Under Contract

About 307 Atlantic Avenue

26% Projected Cap-Rate as an AirBnB - Investor ALERT - 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. The past several years have been spent gutting it to the bare bricks before starting the renovations. Survey, elevation cert, floor plans, pro-forma, etc are all available to qualified buyers only. 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. Parking is available on the street or out back in the new parking area behind building. All public transportation is available out front of the building. Everything is new on this building, it has new roof, new windows, new front facade, new PVC fence, new sidewalks, new fire escape, 3/4 CDX sub floor, sheetrock, mold resistant drywall, framing, insulation, smart vents, flooring, tile, kitchens, bath, appliances, water heaters, fire monitoring 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 & low flood ins. Perfect for 1031 tax exchange AirBnB, VRBO, short term or annual rental investment property.

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Appliances
Disposal, Dryer, Gas Stove, Refrigerator, Self Cleaning Oven, Washer
Heating
Baseboard, Electric
Location
Boardwalk Area, Water View
Sewer
Public Sewer
Water
Public
307 Atlantic Avenue, Atlantic City, New Jersey 08401 United States is a Multi-Family Homes for Sale for $1,500,000. Was built in , has on a lot of and it's composed from 6 Bedrooms, full baths
Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC

WEICHERT REALTORS ASBURY GROUP-AC

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
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