2801 Arctic Avenue, Unit 3

Atlantic City, NJ 08401

$575,000
Price
5
Beds
2
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

"Prime location near famous casinos and boardwalk, featuring a restaurant, employee apartments, and untapped potential. A Triple-Level Gem! It's a great opportunity for first time home buyers to use the third floor for living and other two floor rent could pay the mortgage and also great investment for investors. The second floor is brimming with 3 spacious bedrooms and a full bath, rented to the restaurant's employees. Third floor is vacant and weighted with 2 Commodious bedrooms and Generous living..."Prime location near famous casinos and boardwalk, featuring a restaurant, employee apartments, and untapped potential. A Triple-Level Gem! It's a great opportunity for first time home buyers to use the third floor for living and other two floor rent could pay the mortgage and also great investment for investors. The second floor is brimming with 3 spacious bedrooms and a full bath, rented to the restaurant's employees. Third floor is vacant and weighted with 2 Commodious bedrooms and Generous living space and full bath. Ground floor is well-known restaurant in the area for more than six years. The property is being sold strictly in "as-is, condition.
  1. Listed by INDERJIT SINGH • COLDWELL BANKER REALTY

Property Details for 2801 Arctic Avenue, Unit 3

Directions
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Days On Market
18

Location

Listing Courtesy of COLDWELL BANKER REALTY
Add your commute
LISTING UPDATED: 06/04/2024 06:34 PM

Property Details for 2801 Arctic Avenue, Unit 3

StatusActive
MLS #3902948
Days on Market30
Taxes$7,535 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1965
Lot Size0.03 AC / 1,306 SF
CountyAtlantic County

Location

Listing Courtesy of COLDWELL BANKER REALTY
Add your commute

Building Information for 2801 Arctic Avenue, Unit 3

Stories-Residences3Year Built1965Building Size-Lot Size0.03 AC / 1,306 SF

Payment Calculator

$3,766 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$628

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2801 Arctic Avenue, Unit 3

Summary
Location and General Information
  • Zoning: NC-1
  • Building #: 1
  • Active Days on Market: 15
  • County #: Atlantic
  • Town Name: Atlantic City
  • Block Identifier: 345
  • Listing Type: Exclusive Right to Sell
  • Color of Building: White/Gree
  • Town #: 1002.0
  • Unit #: 3
  • Street # Display: 2801.0
  • # Parking Spaces: 0
  • County Or Parish: Atlantic
  • Street Name: Arctic Ave
  • Zip Code: 08401-3704
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,535
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 199500.0
  • Tax ID For Property: 1002-00345-0000-00062-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 62
  • Approximate Lot Size: 18.1X61
  • Total Acres: 0.03
  • Construction Date/Year Built: 1965
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 158300.0
  • Assessment Land: 41200.0
  • Farm Assessment: No
Utilities
  • Cooling: No Cool, See Remarks
  • Services: Cable TV, Garbage Extra Charge
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units, See Remarks
  • Fuel Type: Electric, Gas-Natural, See Remarks
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Concrete Board, See Remarks
  • Exterior Features: See Remarks, Sidewalk
Interior Features
  • Interior Features: See Remarks
  • Roof Description: Flat, See Remarks
  • Basement: No
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 1 Rent: 2600.0
  • Unit 1 Room Description: Kitchen, See Remarks, Storage, Utility Room
  • Unit 1 Rooms: 2.0
  • Unit 1 Security Deposit: 2600.0
  • Unit 1 Sq Ft: 1000.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Electric, Refrigerator, See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
  • Unit 2 Rent: 1400.0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Master Bedroom, See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 1400.0
  • Unit 2 Sq Ft: 1000.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room, See Remarks
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 1000.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $12,335.00
  • Expenses Include: Insurance, See Remarks, Taxes
  • Net Operating Income: $35,665.00
  • Gross Operating Income: $48,000.00
Rental
Rental Information
  • Home Warranty: false

Property History for 2801 Arctic Avenue, Unit 3

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2801 Arctic Avenue, Unit 3

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
BRIGHTON AVENUE SCHOOL
PublicPK to 5

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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Similar Sold Homes

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2801 Arctic Avenue, Unit 3 is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on May 17, 2024 by COLDWELL BANKER REALTY, it's currently listed at $575,000. This listing's school district is Atlantic City Public School District. Nearby schools include BRIGHTON AVENUE SCHOOL, Atlantic City High School and Our Lady Star Of The Sea Regional. 2801 Arctic Avenue, Unit 3 is a 5-bed, 2.5-bath, multi-family home built in 1965.

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 COLDWELL BANKER REALTY

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.