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7 N Florida Ave

Atlantic City, NJ 08401
  • $1,100,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 3863052
UPDATED: 54 min ago
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,370
    SQFT
  • $205
    $/SQFT
Type:
Commercial
Built:
2023
County:

School Ratings & Info

Description

Introducing a lucrative investment opportunity... This to-be built apartment complex consisting of 9 one bedroom units are located just two blocks away from the Atlantic City boardwalk and casinos. This new construction building is set to create a steady stream of cash flow. With all township plans approved, this turnkey project is ready to break ground as soon as a contract is secured. With a target rent of 1400/unit, this property should generate about 151,200 in gross rental income. The convenience of the location cannot be overstated, with the vibrant attractions and entertainment of Atlantic City right at your fingertips. Designed with modern living in mind, the luxury apartments offer stylish and comfortable living spaces that tenants will love. Don't miss out on this incredible opportunity.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-27T09:46:23.64.
www.sellwithsikora.com/homes/143103997
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7 N Florida Ave Atlantic City, NJ 08401

  • Price: $1,100,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 54 min ago
  • MLS #: 3863052
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,370
SQFT
$205
$/SQFT
2023
Built
County:
Atlantic
Area:
Atlantic City
Property Description
Introducing a lucrative investment opportunity... This to-be built apartment complex consisting of 9 one bedroom units are located just two blocks away from the Atlantic City boardwalk and casinos. This new construction building is set to create a steady stream of cash flow. With all township plans approved, this turnkey project is ready to break ground as soon as a contract is secured. With a target rent of 1400/unit, this property should generate about 151,200 in gross rental income. The convenience of the location cannot be overstated, with the vibrant attractions and entertainment of Atlantic City right at your fingertips. Designed with modern living in mind, the luxury apartments offer stylish and comfortable living spaces that tenants will love. Don't miss out on this incredible opportunity.
Exterior Features

Approximate Lot Size 33.60X100IR Construction See Remarks Exterior Description Vinyl Siding Location Residential Area Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling See Remarks Equipment Available AppliancesFire AlarmFixturesKitchen AreaRestrooms - PrivateSee RemarksSmoke Detector Floors LaminateSee RemarksTile Heating See Remarks Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 9 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type See Remarks Gross Operating Income 151200 Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes See Remarks Sewer Public Sewer Suite Number TBD Tax Amount 3777 Tax Rate Amount 3.777 Tax Rate Year 2022 Tax Year 2022 Utilities See Remarks Water Public WaterSee Remarks Year Built Description To Be Built Zoning R-3

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 908-504-7431.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-02-27T09:46:23.64.
 
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28 Valley Rd Suite 1
Montclair NJ, 07042