22 Pennsylvania AveAtlantic City, NJ 08401
- Other commercial real estate
- 2,906 SF
Property Details for 22 Pennsylvania Ave
- Year built
- 1930
- Construction
- BRICK
- Lot size
- 0.03 AC
- Property size (Sq ft)
- 2,906 SF
- Zone code
- CBD
- Property type
- Other commercial real estate
- APN
- 02 00138-0000-00008
- APU
- 200138000000008
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,071,548
- Hospitality
- $981,532
- Educational
- $816,623
- Medical
- $844,708
- Retail
- $1,270,303
Location Insight
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.3628
- Longitude
- -74.4241
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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