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7 N Florida Ave Atlantic City, NJ $ 160,000
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$ 160,000 Get more info
7 N Florida Ave
$ 160,000
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New Construction
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7 N Florida Ave

Atlantic City, NJ, 08401
$ 160,000
Baths0.9 Sq 5,000

Monthly Estimate*

$ 1,063

7 N Florida Ave, Atlantic City, NJ 08401 - Image 1
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7 N Florida Ave, Atlantic City, NJ 08401 - Image 10
Studio

Commercial Property for sale in Atlantic City, NJ

for $160,000 with 9 half baths. This 5,000 square foot building was built in 2023.

ONLY SELLING LOT W/ PLANS NOW - Introducing a lucrative investment opportunity... This to-be built apartment complex consisting of 9 one bedroom units are located just two blocks away from the Atlantic City boardwalk and casinos. This new construction building is set to create a steady stream of cash flow. With all township plans approved, this turnkey project is ready to break ground as soon as a contract is secured. With a target rent of 1400/unit, this property should generate about 151,200 in gross rental income. The convenience of the location cannot be overstated, with the vibrant attractions and entertainment of Atlantic City right at your fingertips. Designed with modern living in mind, the luxury apartments offer stylish and comfortable living spaces that tenants will love. Don't miss out on this incredible opportunity.

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Commercial Active

Price

$ 160,000

Bedrooms

Studio

Half Bath

9

Property Type

Commercial

Taxes

$ 3,777

Style

Apartment Complex

Year Built

2023

Town/City

Atlantic City

County/Region

Atlantic

MLS | Web ID

3863052
Features
General
Sewer Public Sewer
Construction See Remarks
Heating See Remarks
Cooling See Remarks
Utilities See Remarks
Possession Upon Agreement
Roof Asphalt Shingle
Zoning R-3
Garage Spaces 0
Year Built 2023
Township Atlantic City
Property Type Apartment Complex Apartment Complex
Tax Year 2022
Percent Ownership Fee Simple
Location Residential Area
Gross Income 151200
County Atlantic
Status Active
Directions Atlantic Ave to N Florida Ave
Total Units 9
Street Name N Florida Ave
Tax Annual Amount 3777
Drive On-Street Parking
Leasable Area 0
Days on Market 202
Standard Status Active
Tax Assessed Value 100000
Town # 1002
Tax Lot 59
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Interior
Basement Full Unfinished
Flooring Laminate See Remarks Tile
Fuel Type See Remarks
Total Stories 4
Half Baths 9
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Exterior
Lot Features Level Lot
Water Source Public Water See Remarks
Exterior Description Vinyl Siding
Building Area Total 5370
Lot Dimensions 33.60X100IR
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* Excluded Features
List By
LINDA THELL

Listing Agent

Exp Realty, Llc

Broker

lindathellteam@gmail.com

Email

Affordability Calculator

$1,378
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,063
Monthly Property Taxes
$315
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/25/2024$160,000 -85.45% Price Down
9/5/2023$1,100,000 Listed Price

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7 N Florida Ave, Atlantic City, NJ, 08401 is a Commercial Property for sale at $160,000 with 5,000 sqft. 7 N Florida Ave is a studio with 0.9 baths and was built in 2023. The property's zip code is 08401 which is in Atlantic City, NJ

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