Water Views
Address
307 Atlantic Ave, Atlantic City, NJ
Price
$ 1,500,000
Property Attributes
  • MLS#559882
  • TypePending
  • CountyATLANTIC
  • CityAtlantic City
  • AreaAtlantic City
  • Zip08401
  • Style11 - 20 Units
  • Price$ 1,500,000
  • Bedrooms18
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
WEICHERT REALTORS ASBURY GROUP-AC
Data Source:
South Jersey Shore Regional MLS (SJSRMLS)
Property Description

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.

Price History
2/22/2022 Listed $1,500,000

General Features

Appliances Disposal, Dryer, Gas Stove, Refrigerator, Self Cleaning Oven, Washer
Basement Crawl Space
Class MULTI-FAMILY
Garage None
Heating Baseboard, Electric
Listing Area Atlantic City
Location Boardwalk Area, Water View
Sewer Public Sewer
Status Under Contract
Status Under Contract
Tax Year 2022
Taxes 18883
Type 11 - 20 Units
Water Public
Water Heater Electric

Interior Features

# of 1 Bedroom Units 6
# of 2 Bedroom Units 6
# of Units 12
Other Rooms Laundry/Utility Rm

Exterior Features

Driveway Stone
Exterior Brick, Stucco
Lot Dimensions 39 x 100
Outside Features Curbs, Ocean View, Sidewalks
Separate Meters Cable TV, Electric, Gas, Heat, Hot Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 08401

Price
AVG $250K
$1.5M
Visits
AVG 38
70
Walkscore
AVG 76
83
Data Provided by Walkscore ® not using MLS data

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