1637 Atlantic
Atlantic City, NJ 08401
- – beds
- – baths
- – sqft
- 2,213 sqft lot
INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 .Water & Sewer $1,100.00 per year
Listing courtesy of SJSRMLS / BALSLEY/LOSCO-VENTNOR
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Last updated Apr 26, 2024
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MLS# 580707 —
Walk Score®
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Bike Score®
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Transit Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/24/24
Apr 24, 2024
|
Price Changed | SJSRMLS | $475,000 | -9.5% |
4/1/24
Apr 1, 2024
|
Price Changed | SJSRMLS | $525,000 | 18.0% |
12/23/23
Dec 23, 2023
|
Listed / Active | SJSRMLS | $445,000 |