105 South Albion Place

Atlantic City, NJ 08401

$769,000
Price
Beds
2,390 Sq. Ft.
$322 / Sq. Ft.
2,390
Sq. Ft.
$322
per Sq. Ft.

Description

Just Passed 5 Year DCA State Inspection March 2024! Welcome to 105 Albion Place, a fantastic opportunity for investors and those seeking a beachside property in Atlantic City. Seller financing available! AirBnB Hosts and Investor Alert! - Renovated & Fully Occupied BEACH BLOCK 7-Unit Multi-Family BLDG is up for sale near the Vibrant Tropicana hotel and casino and two doors down from Chef Volas, argulably the best Italian Restaurant in Jersey! This property boasts SUPER low taxes with a DOUBLE DIGIT...Just Passed 5 Year DCA State Inspection March 2024! Welcome to 105 Albion Place, a fantastic opportunity for investors and those seeking a beachside property in Atlantic City. Seller financing available! AirBnB Hosts and Investor Alert! - Renovated & Fully Occupied BEACH BLOCK 7-Unit Multi-Family BLDG is up for sale near the Vibrant Tropicana hotel and casino and two doors down from Chef Volas, argulably the best Italian Restaurant in Jersey! This property boasts SUPER low taxes with a DOUBLE DIGIT CAP RATE making it a truly exceptional investment. This sale is offering up an unbeatable location that is absolutley ideal and presents buyers with a broad range of numerous possibilities, whether you want to retain all the annual tenants, occupy a unit for yourself, or take advantage of the booming short term vacation rental market on platforms like VRBO & Airbnb. This bldg offers versatility and potnetial. It is conveniently close to "The Walk" at the renowned Tanger Outlets shopping and AC Convention Center, 5 star Fine Dining and Nightlife establishments, Steps to Jersey Shore Beaches, the Worlds most Famous Boardwalk, and Atlantic Ocean, & close to the Brand New Stockton Universitys Island Campus! At this time there are no seperate utilties. Income and Expense sheet is available to qualified buyers. Some of the various finaincing optons include Private financing available starting at 10% as wella as 10% owner finaincing, open to 1031 Exchange, Conventional financing, DSCR loans, Hard Money Loans, or buy it with a few of your bitcoins! Don't miss out on this chance to own a piece of Atlantic City's thriving real estate market. Contact us today for income and expense details or to schedule a viewing. Embrace the potential of 105 Albion Place and make your mark in this sought-after beachside community.
  1. Listed by GERARD (Jerry) BARKER • WEICHERT REALTORS ASBURY GROUP-AC

Property Details for 105 South Albion Place

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Three or More Cars
Waterfront (Y/N)
No
Zoned
RSC

Location

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
Add your commute
LISTING UPDATED: 04/09/2024 09:45 AM

Property Details for 105 South Albion Place

StatusUnder Contract
MLS #580638
Days on Market111
Taxes$9,982 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1930
Lot Size0.06 AC / 2,565 SF
CountyAtlantic County

Location

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
Add your commute

Building Information for 105 South Albion Place

Stories-Residences7Year Built1930Building Size-Lot Size0.06 AC / 2,565 SF

Payment Calculator

$5,029 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,197

Property Taxes

$832

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 105 South Albion Place

Summary
Location and General Information
  • Address: 105 S Albion Ave
  • Address Direction: S
  • Address Number: 105
  • Address Search Number: 105
  • Address Street: Albion
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Beach Block Albion Ave.
  • Fips Code: 34001
  • Location: Beach Block, Boardwalk Area
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: LLC
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 12-20-2023
  • Tax Year: 2023
  • Taxes: 9982
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 2390
  • Block #: 35
  • Lot #: 12
  • Lot Dimensions: 45x57
Property and Assessments
  • Associated Document Count: 1
  • Doc Timestamp: 12-20-2023
  • Estate Y/N: No
  • Total Assessment: 280000
  • Water: Public
  • Year Built: 1930
  • Adult Community/55+: Yes
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Concrete
  • Outside Features: Curbs, Porch, Sidewalks
  • Siding/Exterior: Vinyl
Interior Features
  • Appliances: Gas Stove, Refrigerator, Self Cleaning Oven
  • Basement: Finished
  • Heating: Baseboard, Gas-Natural, Hot Water, Radiator
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 3
  • # of 2 Bedroom Units: 2
  • # Of Efficiency Units: 2
  • Annual Electric: 4000
  • Annual Gas: 2500
  • Annual Insurance: 5000
  • Annual Sewer: 1446
  • Annual Taxes: 9982
  • Annual Water: 1870
  • Conforming (Y/N): Yes
  • Limited Service (Y/N): No
  • Number Of Units: 7
  • Owner Occupied (Y/N): No
  • Rental Information: 100 Percent Occupancy
  • Total Income: 103200

Property History for 105 South Albion Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 105 South Albion Place

Taxable ValueLand$105,000Additions$175,000Total$280,000
Tax Record2022$10,576 ($881 / month)
Home Facts
Total Finished SqFt2,390 SqFtAbove Grade Finished SqFt2,390 SqFtStories2Lot Size2,566 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRS-CCountyATLANTICAPN02 00035-0000-00012

Schools near 105 South Albion Place

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Texas Avenue Elementary School
PublicK to 8

Atlantic City High School
Public9 to 12

Our Lady Star Of The Sea Regional
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.