For Sale
$1,250,000

22 Pennsylvania AveAtlantic City, NJ 08401

Six-unit building, prime location, strong returns.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-unit apartment building located at 22 S Pennsylvania Ave, Atlantic City, NJ 08401. The property boasts 6,750 square feet and was constructed in 1930. Offered at $1,250,000, this multifamily property presents a compelling investment prospect due to its strong cap rate and consistent cash flow potential. Situated in a prime location, the building benefits from its proximity to Atlantic City's vibrant amenities, including the boardwalk, beaches, dining, and entertainment options. Each of the six well-maintained units is designed to attract long-term tenants, ensuring stable rental income. The property's location and consistent cash flow make it an attractive addition to any investment portfolio seeking strong returns in a thriving rental market. The property's APN is 138. This is a rare opportunity to acquire a well-positioned multifamily asset in a dynamic coastal city. Serious inquiries are encouraged.

Highlights

  • Six-unit apartment building in prime Atlantic City location.
  • 6,750 square feet, built in 1930.
  • Offered at $1,250,000 with strong cap rate and cash flow potential.
  • Well-maintained units designed for long-term tenants.
  • APN 138.

Property Details for 22 Pennsylvania Ave

Property type
Apartment buildings
Square Feet
6,750 SF
Year Built
1930

Location Insight

City
Atlantic City
County
Atlantic
State
New Jersey
Latitude
39.3628087
Longitude
-74.4240599
22 Pennsylvania Ave, Atlantic City, New Jersey

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22 Pennsylvania Ave
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