2511 Pacific Avenue

Atlantic City, NJ 08401

$599,000
Price
Beds
2,900 Sq. Ft.
$207 / Sq. Ft.
2,900
Sq. Ft.
$207
per Sq. Ft.

Description

Investor Alert - Double Digit Cap Rate! Income and Expenses Available to qualified buyers. Seven Unit Bldg one block to the Beach and Boardwalk! Solid Brick Construction and water views! Covered front porch and fenced in back patio. Located close to Tropicana, Tanger Outlets, Convetion Center, Ballys, Ceasers, and Boardwalk Hall. Being Sold As-Is, buyers responsible for their own Sales CO. All leases are in place and have rental COs. Brand new Fire Escape, and Just Passed the 5 year DCA Inspection!...Investor Alert - Double Digit Cap Rate! Income and Expenses Available to qualified buyers. Seven Unit Bldg one block to the Beach and Boardwalk! Solid Brick Construction and water views! Covered front porch and fenced in back patio. Located close to Tropicana, Tanger Outlets, Convetion Center, Ballys, Ceasers, and Boardwalk Hall. Being Sold As-Is, buyers responsible for their own Sales CO. All leases are in place and have rental COs. Brand new Fire Escape, and Just Passed the 5 year DCA Inspection! Income and Expenses available to qualified buyers.
  1. Listed by GERARD (Jerry) BARKER • WEICHERT REALTORS ASBURY GROUP-AC

Property Details for 2511 Pacific Avenue

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: 01/19/2024 05:35 PM

Property Details for 2511 Pacific Avenue

StatusActive
MLS #581325
Days on Market101
Taxes$7,486 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1920
Lot Size0.04 AC / 1,710 SF
CountyAtlantic County

Location

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

Building Information for 2511 Pacific Avenue

Stories-Residences7Year Built1920Building Size-Lot Size0.04 AC / 1,710 SF

Payment Calculator

$3,893 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2511 Pacific Avenue

Summary
Location and General Information
  • Address: 2511 Pacific Ave
  • Address Number: 2511
  • Address Search Number: 2511
  • Address Street: Pacific
  • Area: Atlantic City
  • County: Atlantic
  • Directions: 2500 Block of Pacific Ave.
  • Fips Code: 34001
  • Location: Boardwalk Area, Water View
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: LLC
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 01-18-2024
  • Tax Year: 2024
  • Taxes: 7486
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 2900
  • Block #: 166
  • Lot #: 26
  • Lot Dimensions: 19x90
Property and Assessments
  • Associated Document Count: 1
  • Doc Timestamp: 01-18-2024
  • Estate Y/N: No
  • Total Assessment: 210000
  • Water: Public
  • Year Built: 1920
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Fenced Yard, Porch, Sidewalks
  • Siding/Exterior: Brick
Interior Features
  • Appliances: Gas Stove, Refrigerator, Self Cleaning Oven
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 6
  • # of 3 Bedroom Units: 1
  • Annual Electric: 520
  • Annual Gas: 1300
  • Annual Insurance: 1700
  • Annual Maintenance: 420
  • Annual Sewer: 1100
  • Annual Taxes: 7486
  • Annual Water: 1833
  • Available: Lease Information
  • Limited Service (Y/N): No
  • Number Of Units: 7
  • Owner Occupied (Y/N): No
  • Rental Information: 100 Percent Occupancy, Yearly
  • Separate Meters: Electric
  • Total Expense: 14800
  • Total Income: 80700

Property History for 2511 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2511 Pacific Avenue

Taxable ValueLand$70,000Additions$140,000Total$210,000
Tax Record2022$7,932 ($661 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories3Lot Size1,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRS-CCountyATLANTICAPN02 00166-0000-00026

Schools near 2511 Pacific Avenue

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.

Similar Homes

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2511 Pacific Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on January 18, 2024 by WEICHERT REALTORS ASBURY GROUP-AC, it's currently listed at $599,000. It has been on the market for a total of 101 days and was last sold on January 8, 2013. This listing's school district is Atlantic City Public School District. Nearby schools include Texas Avenue Elementary School, Atlantic City High School and Our Lady Star Of The Sea Regional. 2511 Pacific Avenue is a 0-bed, 0-bath, 2,900 sqft multi-family home built in 1920.

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.