5 South Pennsylvania Avenue

Atlantic City, NJ 08401

$625,000
Price
Beds
3,720 Sq. Ft.
$168 / Sq. Ft.
3,720
Sq. Ft.
$168
per Sq. Ft.

Description

5 S Penn is a great building in a nice quite location. Sitting in the Central Business District, this building is surrounded by professional uses. Comprised of five one bedroom units with electric heat, hot water and stoves/ovens. Plus one commercial unit on the ground level for a total of six rental units. Each unit is separately metered for electric, there is no common boiler. This is good building to manage with long standing tenants. Call for marketing package and additional details.5 S Penn is a great building in a nice quite location. Sitting in the Central Business District, this building is surrounded by professional uses. Comprised of five one bedroom units with electric heat, hot water and stoves/ovens. Plus one commercial unit on the ground level for a total of six rental units. Each unit is separately metered for electric, there is no common boiler. This is good building to manage with long standing tenants. Call for marketing package and additional details.
  1. Listed by LEE JEROME • LEVIN COMMERCIAL REAL ESTATE, LLC

Property Details for 5 South Pennsylvania Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
None
Waterfront (Y/N)
No
Zoned
CBD

Location

Listing Courtesy of LEVIN COMMERCIAL REAL ESTATE, LLC
Add your commute
LISTING UPDATED: 04/04/2024 04:02 PM

Property Details for 5 South Pennsylvania Avenue

StatusActive
MLS #581456
Days on Market119
Taxes$5,741 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built-
Lot Size0.03 AC / 1,200 SF
CountyAtlantic County

Location

Listing Courtesy of LEVIN COMMERCIAL REAL ESTATE, LLC
Add your commute

Building Information for 5 South Pennsylvania Avenue

Stories-Residences6Year Built-Building Size-Lot Size0.03 AC / 1,200 SF

Payment Calculator

$3,889 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

$478

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 South Pennsylvania Avenue

Summary
Location and General Information
  • Address: 5 S Pennsylvania Avenue
  • Address Direction: S
  • Address Number: 5
  • Address Search Number: 5
  • Address Street: Pennsylvania Avenue
  • Area: Atlantic City
  • County: Atlantic
  • Directions: 5 S Pennsylvania Avenue
  • Fips Code: 34001
  • Location: Boardwalk Area
  • State: NJ
  • Zip: 08401
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 01-22-2024
  • Tax Year: 2022
  • Taxes: 5741
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 3720
  • Block #: 137
  • Lot #: 2
  • Lot Dimensions: 20 x 60
Property and Assessments
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 152000
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Dryvit
Interior Features
  • Air Conditioning: Window Units
  • Appliances: Electric Stove, Intercom
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 5
  • Annual Electric (O/T): Owner
  • Annual Insurance (O/T): Owner
  • Annual Maint (O/T): Owner
  • Annual Mgmt (O/T): Owner
  • Annual Sewer (O/T): Owner
  • Annual Taxes: 5471
  • Annual Taxes (O/T): Owner
  • Annual Water (O/T): Owner
  • Limited Service (Y/N): No
  • Number Of Units: 6
  • Rental Information: 100 Percent Occupancy, Yearly
  • Separate Meters: Electric
  • Total Income: 60876
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Facing: South
  • Unit 1 Level: Upper
  • Unit 1 Rent: $950
  • Unit 1 Rooms: 3
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Facing: North
  • Unit 2 Level: Upper
  • Unit 2 Rent: $732
  • Unit 2 Rooms: 2
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Facing: South
  • Unit 3 Level: Upper
  • Unit 3 Rent: $732
  • Unit 3 Rooms: 3
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Facing: North
  • Unit 4 Level: Upper
  • Unit 4 Rent: $732
  • Unit 4 Rooms: 2
Unit 5
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Facing: South
  • Unit 5 Level: Upper
  • Unit 5 Rent: $627
  • Unit 5 Rooms: 2

Property History for 5 South Pennsylvania 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 5 South Pennsylvania Avenue

Taxable ValueLand$30,000Additions$122,000Total$152,000
Tax Record2022$5,741 ($478 / month)
Home Facts
Total Finished SqFt3,720 SqFtAbove Grade Finished SqFt3,720 SqFtStories3Lot Size1,198 SqFtStyleMiscellaneous CommercialYear Built1950ZoningCBDCountyATLANTICAPN02 00137-0000-00002

Schools near 5 South Pennsylvania Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Pennsylvania Ave School
PublicPK to 8

Atlantic City High School
Public9 to 12

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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5 South Pennsylvania Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on January 5, 2024 by LEVIN COMMERCIAL REAL ESTATE, LLC, it's currently listed at $625,000. It has been on the market for a total of 119 days and was last sold on December 10, 2020. This listing's school district is Atlantic City Public School District. Nearby schools include Pennsylvania Ave School and Atlantic City High School. 5 South Pennsylvania Avenue is a 0-bed, 0-bath, 3,720 sqft multi-family home.

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 LEVIN COMMERCIAL REAL ESTATE, LLC

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.