307 Atlantic Ave MultiFamily $1,300,000— Listed by Gerard (jerry) Barker, WEICHERT REALTORS ASBURY GROUP-AC

307 Atlantic Ave MultiFamily $1,300,000— Listed by Gerard (jerry) Barker, WEICHERT REALTORS ASBURY GROUP-AC

MLS - Broker Listed Properties

Updated on May 27, 2019

EVERYTHING IS NEW IN THIS BLDG!!!! Fully renovated 12 unit apt bldg NO... $1,300,000

Price$1,300,000
Bedrooms0
Bathrooms0
Address307 Atlantic Ave
Atlantic City, NJ 08401
Living Area7,626 square feet
StatusActive
BrokerWEICHERT REALTORS ASBURY GROUP-AC
Phone(609) 344-6200
AgentGerard (jerry) Barker
Phone(609) 481-7745
Located in ATLANTIC CITY, NJ
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. Owner spent the past several years gutting it to the bare bricks before starting the renovations. We have a photo album & CD with Videos of the work being done along the way, all income and expenses have been verified, lead base paint, elevation cert, etc are all available to qualified buyers. 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. Price includes new parking area behind building currently under way, and all public transportation is available out front of the building. Everythig is new on this building, it has new roof, windows, front facade, PVC fence, sidewalks, fire escape, 3/4 CDX sub floor, sheetrock, mold resistant drywall, framing, insulation, smart vents, flooring, tile, kitchens, bath, appliances, water heaters, fire monitering 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 & flood ins. 8 Units allready rented out!! 10.5% CAP if fully rented, Perfect for 1031 tax exchange or investment property.

    Taxes

  • Year: 2019
  • $8,479
  • Appliances

  • Dryer
  • Garbage Disposer
  • Oven - Self-Cleaning
  • Refrigerator
  • Washer
  • Exterior types

  • Brick
  • Stucco
  • Heating fuels

  • Heating fuel: Electric
  • Rooms

  • Basement: 1
  • Utility: 1
  • General

  • Provider name: WEICHERT REALTORS ASBURY GROUP-AC
  • Provider category: Broker
  • Property type: MultiFamily
  • Property sub type: Other
  • Listing category: Purchase
  • Mls name: South Jersey Shore Regional MLS
  • Mls number: 521024
  • Living area: 7626
  • Listing date: 2019-04-18
  • Listing title: 11 - 20 Units - Atlantic City, NJ
  • Architecture style: Other
  • Has basement: yes
  • Building unit count: 12
  • Heating systems: Baseboard
  • Is new construction: no
  • Roof types: Unknown
Copyright © 2019 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
 

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