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22-24 S Pennsylvania Avenue

ATLANTIC CITY, NJ 08401
  • $849,000
  • STATUS: Active Under Contract
  • ON SITE: 86 Days
  • MLS #: NJAC2003624
Under Contract
UPDATED: 27 min ago
$849,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:

Description

Attention investors, check it out at 22-24 S. Pennsylvania ave with 4 apartments and 2 commercials units to bring the cash flow to your investment portfolio. The building was totally renovated few years ago, the layout consisted with 3 apartments has 2 bedrooms and 1.5 bath and one unit with Penthouse, 3 bedroom and 2 full bath. Modern kitchen style, hardwood floor through out, central air/heat, washer and dryer in each unit. The two commercial store on the 1st floor has own HVAC unit. all 6 units features tankless gas hot water system, sperate utilities for each unit. fully occupied with cap rate almost at 9%. This is one of kind building, contemporary finished, located across from the hard rock casino. Schedule your appointment.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-02T13:53:37.833.
www.porterplusrealty.com/homes/127455553
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22-24 S Pennsylvania Avenue ATLANTIC CITY, NJ 08401

  • Price: $849,000
  • Status: Active Under Contract
  • On Site: 86 Days
  • Updated: 27 min ago
  • MLS #: NJAC2003624
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1930
Built
Neighborhood:
Atlantic City (20102)
County:
Atlantic
Area:
Atlantic City (20102)
School District:
Atlantic City Schools
Property Description
Attention investors, check it out at 22-24 S. Pennsylvania ave with 4 apartments and 2 commercials units to bring the cash flow to your investment portfolio. The building was totally renovated few years ago, the layout consisted with 3 apartments has 2 bedrooms and 1.5 bath and one unit with Penthouse, 3 bedroom and 2 full bath. Modern kitchen style, hardwood floor through out, central air/heat, washer and dryer in each unit. The two commercial store on the 1st floor has own HVAC unit. all 6 units features tankless gas hot water system, sperate utilities for each unit. fully occupied with cap rate almost at 9%. This is one of kind building, contemporary finished, located across from the hard rock casino. Schedule your appointment.
Exterior Features

Construction Materials BlockBrick Garage YN No Parking Types On Street Property Condition Very Good Riparian Rights YN No Roof FlatRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6750.00 Cooling Central A/C Flooring HardwoodLaminated Heating 90% Forced AirCentral Heating YN Yes Net Square Feet 6750.00

Property Features

Acceptable Financing CashConventional Accessibility Features 32"+ Wide Doors Assessment Year 2021 Business Type Apartment BuildingProfessional Central Air YN Yes Cooling Fuel Electric Gross Income 97200.00 Heating Fuel ElectricNatural Gas Hot Water Natural GasTankless Municipality Atlantic City Navigable Water YN N Net Operating Income 74032.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 801459841812 Ownership Interest Fee Simple Possession Immediate0-30 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 9276.00 Tax Assessment Amount 237800.00 Tax Lot 00008 Total Actual Rent 97200.00 Vacation Rental YN No Water Source Public Zoning Cbd

Listing courtesy of Keller Williams Realty - Cherry Hill.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-02T13:53:37.833.
 
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25 N. Countyline Rd
Jackson NJ, 08527