14 Unit Apartment Building | 100% Occupied | Atlantic City, NJ

Property Info

Zetabid is accepting offers on this 14-unit apartment building located in Atlantic City. The property is 100% occupied and close to the university, public transportation and only a few minutes walk to the beach. Current rent roll and financials available for review in our Due Diligence Vault. Roof was resealed in June 2019 and new exterior paint in September 2019.

  • City : Atlantic City
  • State : NJ
  • Zip Code : 08401
  • Property Type : Multi-family
  • Square Feet : 7435
  • Lot Size : .11 AC
  • Year Built : 1930
  • Gross Rents PF 2019 : $119,575
  • Expenses PF 2019 : $56,898
  • NOI PF 2019 : $62,000
  • Cap Rate : 7.3%
  • GRM : 7.10
  • Price/Unit : $60,643
  • Occupancy : 100%
  • Unit Mix: : (2) 2 Bed +1 Bath | (7) 1 Bed + 1 Bath | (5) Studio + 1 Bath
  • Stories | Parking : 2 | Street
  • Zoning : RS-C
  • Property ID : 02-00022-0000-00002
Status:Active

Important Information

  • Buyers Premium :5%
  • Broker Coop :2%
  • Financing :No
  • Inspection Contingency :Yes
  • Showings :Call Eric Koesterer @ 818.426.2660

Auction Contact

Broker Contact

  • Phone :(424) 888-6068