3536 Pacific Ave, Atlantic City, NJ 08406 – 589789 - Joseph Lam

Atlantic City, NJ 08406,3536 Pacific Ave

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,599,000

Est. payment - /mo

10 Beds

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UPDATED:

11/06/2024 01:06 PM

Key Details

Property Type Multi-Family

Sub Type 11 - 20 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 589789

Bedrooms 10

Year Built 1930

Annual Tax Amount $19,331

Tax Year 2024

Property Description

Investment Opportunity: 100% Occupied Multifamily Property This well-maintained property boasts great yearly income and is fully occupied. Significant upgrades have been made to enhance both aesthetics and functionality, including modernized hallways and common areas featuring new ceiling lights, fire exit lights, and a comprehensive camera system. The building also features a new 20-year roof with updated metal and drainage systems. With an impressive cap rate, this property is a strong contender in today?s market. Please see the enclosed income and expense statements. Ideally located on Pacific Avenue, this property benefits from proximity to the new buildings of Stockton University, oceanfront condominiums, and the renowned Knife and Fork restaurant, ensuring easy access to key attractions and major entryways.

Location

State NJ

County Atlantic

Community Atlantic City

Area Atlantic City

Interior

Heating Radiator

Exterior

Garage None

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

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South Jersey Shore Regional MLS (SJSRMLS)

Listed by FARLEY and FERRY REALTY, INC

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262