MLS® ID: 521024
307 Atlantic Ave
Atlantic City, New Jersey, 08401 $1,375,000
EVERYTHING IS NEW IN THIS BLDG!!!! Fully renovated 12 unit apt bldg, NO EXPENSE SPARED!! Features six 1bdrms and six 2bdrm newly renovated apts. Without a doubt the nicest multi unit bldg for sale in the city. Owner spent the past several years gutting it to the bare bricks before starting the renovations. We have a photo album & CD with Videos of the work being done along the way, all income and expenses have been verified, lead base paint, elevation cert, etc are all available to qualified buyers. The location is in ideal walking distance to Beach and Boardwalk, Hard Rock & Ocean Resort Casino, The Showboat, Absecon Lighthouse, Historic Gardner's Basin, Atlantic City Aquarium, & the Inlet. Price includes new parking area behind building currently under way, and all public transportation is available out front of the building. Everythig is new on this building, it has new roof, windows, front facade, PVC fence, sidewalks, fire escape, 3/4 CDX sub floor, sheetrock, mold resistant drywall, framing, insulation, smart vents, flooring, tile, kitchens, bath, appliances, water heaters, fire monitering system, Comcast Main & Verizon Terminal, tubs, sinks, garbage disposal, gas lines, water lines, sewer lines, drain lines, plumbing, electric (13 Meters, 100amp each apt), and utilities. EVERYTHING ALL NEW!! Collect rents with no ongoing repairs, low taxes & flood ins. 9 Units allready rented out!! 10.5% CAP if fully rented, Perfect for 1031 tax exchange or investment property.