Bought with Non Member • Non Subscribing Office
$242,500
$249,900
3.0%For more information regarding the value of a property, please contact us for a free consultation.
1,236 SqFt
SOLD DATE : 12/15/2020
Key Details
Sold Price $242,500
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,236 sqft
Price per Sqft $196
MLS Listing ID NJAC114370
Sold Date 12/15/20
Style Traditional
HOA Y/N N
Abv Grd Liv Area 1,236
Year Built 1900
Annual Tax Amount $5,374
Tax Year 2020
Lot Dimensions 16.50 x 72.01
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Great income-producing property in Chelsea Neighborhood (Stockton District)!! This three-unit property currently has a vacant 2br 1ba (2nd fl) unit great for owner-occupied sales or increased rental opportunity. Cap rate 9.23% , COC ROI 21.10 % (W/25% Down), all units have separate washer/dryer hook up, tenants paying on time and willing to stay. This property shows great (newer kitchens in 1 & 2) and works well for any investor. Located only 2 blocks to the beach/boardwalk and Stockton University. The owner has decided to retire and is motivated not desperate.
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning R-2
Interior
Hot Water Electric
Heating Forced Air
Cooling Window Unit(s)
Flooring Carpet, Laminated, Tile/Brick
Equipment Disposal, Dishwasher, Oven/Range - Gas, Microwave, Refrigerator, Oven - Self Cleaning
Fireplace N
Window Features Insulated,Screens
Appliance Disposal, Dishwasher, Oven/Range - Gas, Microwave, Refrigerator, Oven - Self Cleaning
Heat Source Natural Gas
Exterior
Water Access N
View Street
Roof Type Shingle
Accessibility None
Garage N
Building
Lot Description Front Yard
Above Ground Finished SqFt 1236
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Atlantic City H.S.
School District Atlantic City Schools
Others
Tax ID 02-00261-00026
Ownership Other
SqFt Source 1236
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Financing Conventional,FHA,VA
Special Listing Condition Standard
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