$462,000
$475,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2,064 SqFt
SOLD DATE : 12/23/2022
Key Details
Sold Price $462,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $223
MLS Listing ID NJAC2006062
Sold Date 12/23/22
Style Other
Abv Grd Liv Area 2,064
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,792
Tax Year 2020
Lot Size 1,311 Sqft
Acres 0.03
Lot Dimensions 18.75 x 70.00
Property Description
Cash Flow, Cash Flow, Cash Flow.....This is a rare chance to secure this high cash flow Duplex! The upstairs unit which come fully furnished has 4 bedrooms and 2 Full Bathrooms is currently used as an AIRBNB and has had $67,000 in gross operating income during the past 12 months. Downstairs is a 1 bedroom, 1 full bath which can generate $1,200 monthly rents.
House has 3 balconies with spectacular views of the inlet. One Block from the beach! 3 minute walk to Ocean Casino and right across from the new Indoor Water park at the Showboat
This property produces a cap rate in excess of 17!
Current owners have renovated this unit and is now considered turnkey for any potential buyer.
Current photos expected shortly.
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning RS-C
Rooms
Basement Outside Entrance, Side Entrance, Unfinished
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available, Electric Available, Cable TV
Waterfront N
Water Access N
View Ocean, Harbor
Accessibility 32\"+ wide Doors
Parking Type On Street
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00077-00035
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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