7 North Florida Avenue

Atlantic City, NJ 08401

$160,000
Price
/
Lot Size / Acres

Description

Building lot now available, zoned and town-approved for a 9 unit apartment building. This exclusive offering includes not only the building lot but also comes bundled with town-approved architectural plans, site plans, and building plans, streamlining the development process for a seamless transition from acquisition to construction. Envision the potential as each unit targets a rent of $1,400, projecting an impressive gross rental income of approximately $151,200. Situated in an unbeatable location,...Building lot now available, zoned and town-approved for a 9 unit apartment building. This exclusive offering includes not only the building lot but also comes bundled with town-approved architectural plans, site plans, and building plans, streamlining the development process for a seamless transition from acquisition to construction. Envision the potential as each unit targets a rent of $1,400, projecting an impressive gross rental income of approximately $151,200. Situated in an unbeatable location, this property is poised to capitalize on the vibrant attractions and entertainment of Atlantic City, mere moments away. Convenience meets luxury, as the meticulously designed apartments are tailored for modern living, providing tenants with stylish and comfortable living spaces that are sure to leave a lasting impression. Act now and transform this building-lot into a lucrative investment for years to come.
  1. Listed by Linda Thell • EXP Realty, LLC • (866) 201-6210

Property Details for 7 North Florida Avenue

Waterfront
None

Location

Listing Courtesy of EXP Realty, LLC
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LISTING UPDATED: 01/16/2024 03:46 PM

Property Details for 7 North Florida Avenue

StatusActive
MLS #24001589
Days on Market110
Taxes$3,777 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Com/Com
Year Built-
Lot Size-
CountyAtlantic County

Location

Listing Courtesy of EXP Realty, LLC
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Payment Calculator

$1,188 per month

30 year fixed, 7.25% Interest

Principal and Interest

$873

Property Taxes

$315

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 North Florida Avenue

Summary
Location and General Information
  • Area: 0102
  • Area name: Atlantic City
  • Zone: Com/Com
  • Flood plain: None
  • Street Name: Florida
  • Topography: Level
  • County Name: ATLANTIC
  • Status: ACTIVE
  • Street Number Numeric: 7
  • Street Direction: North
  • Zip Code: 08401
Taxes and HOA Information
  • Tax: $3,777
  • Tax ID: 010200279 00059
Property
Lot Information
  • Lot: 00059
  • Improvements: O/See Remk
  • Wetland: Not Known
  • Num of Lots: 1
  • Average Acres: 0.0
  • Block: 00279
Property and Assessments
  • Photo: Y
  • Photo Number: 1
  • CourtAppYN: No
Utilities
  • Water: Y
Interior and Exterior Features
Interior Features
  • Full Baths Total: 0
  • Num of Baths: 0.0
Agent
Sale and Listing Information
  • Search Class: LND
  • List Price: $160,000.00
  • Listing Date: 01-16-2024
  • Status Date: 01-16-2024
Showing Information
  • Internet Remarks: Building lot now available, zoned and town-approved for a 9 unit apartment building. This exclusive offering includes not only the building lot but also comes bundled with town-approved architectural plans, site plans, and building plans, streamlining the development process for a seamless transition from acquisition to construction. Envision the potential as each unit targets a rent of $1,400, projecting an impressive gross rental income of approximately $151,200. Situated in an unbeatable location, this property is poised to capitalize on the vibrant attractions and entertainment of Atlantic City, mere moments away. Convenience meets luxury, as the meticulously designed apartments are tailored for modern living, providing tenants with stylish and comfortable living spaces that are sure to leave a lasting impression.Act now and transform this building-lot into a lucrative investment for years to come.

Property History for 7 North Florida 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 7 North Florida Avenue

Taxable ValueLand$100,000Additions-Total$100,000
Tax Record2022$3,777 ($315 / month)
Home Facts
Beds0Total Finished SqFt5,370 SqFtAbove Grade Finished SqFt5,370 SqFtLot Size3,360 SqFtStyleMiscellaneous Vacant LandYear Built1920ZoningR-3CountyATLANTICAPN02 00279-0000-00059

Schools near 7 North Florida 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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Similar Sold Homes

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7 North Florida Avenue is a nullac of land for sale in Atlantic City, NJ 08401. This property was listed for sale on January 16, 2024 by EXP Realty, LLC, it's currently listed at $160,000. It has been on the market for a total of 110 days and was last sold on April 8, 2022. 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. 7 North Florida Avenue is a 0-bed, 0-bath, nullac of land.

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 EXP Realty, 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.