1637 Atlantic Avenue
1637 Atlantic Avenue
$475,000
—
4,602
4,602
$103
Description
INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all ! Den is located on the lower level of this two story unit . Plus...INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all ! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 . Water & Sewer $1,100.00 per year
- Listed by DONNA PALAZZO-BURNSIDE • BALSLEY/LOSCO-VENTNOR
Property Details for 1637 Atlantic Avenue
City/Community
Atlantic City
ClassMULTI-FAMILY
Parking - ExteriorNone
Waterfront (Y/N)No
ZonedCBD
Location
LISTING UPDATED: 04/24/2024 07:28 AM
Property Details for 1637 Atlantic Avenue
Status | Active |
---|---|
MLS # | 580707 |
Days on Market | 128 |
Taxes | $8,782 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTI-FAMILY / Duplex |
Year Built | - |
Lot Size | 0.05 AC / 2,213 SF |
County | Atlantic County |
Location
Building Information for 1637 Atlantic Avenue
Stories-Residences3Year Built-Building Size-Lot Size0.05 AC / 2,213 SF
Payment Calculator
$3,324 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1637 Atlantic Avenue
Property History for 1637 Atlantic Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1637 Atlantic Avenue
Taxable ValueLand$68,800Additions$163,700Total$232,500
Tax Record2022$8,782 ($732 / month)
Home Facts
Total Finished SqFt4,602 SqFtAbove Grade Finished SqFt4,602 SqFtStories2Lot Size2,213 SqFtStyleMiscellaneous CommercialYear Built1930ZoningCBDCountyATLANTICAPN02 00290-0000-00007
Schools near 1637 Atlantic Avenue
This home is within Atlantic City Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
New York Avenue School PublicPK 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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