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$549,900
Est. payment /mo
2 Beds
3 Baths
4,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $130
MLS Listing ID 609351
Bedrooms 2
Full Baths 3
Year Built 1925
Annual Tax Amount $9,407
Tax Year 2025
Lot Size 4,200 Sqft
Property Sub-Type Triplex
Property Description
Discover an outstanding investment opportunity in a prime location just minutes from Stockton University and only a short walk to Atlantic City's beautiful beaches, world-famous Boardwalk, casinos, restaurants, shopping, and public transportation. This income-producing mixed-use triplex offers the perfect combination of immediate cash flow and long-term appreciation. The street-level pizza shop is leased under a Triple Net (NNN) lease, providing reliable income with minimal landlord expenses. The second-floor apartment is currently rented at $1,500 per month, while the newly renovated third-floor 3-bedroom apartment is vacant and move-in ready, with a projected rental income of approximately $2,100 per month. Whether leased to a long-term tenant, used for student housing, or occupied by the new owner, this beautifully updated unit offers exceptional flexibility. When fully occupied, the property has the potential to generate over $70,000 in annual gross rental income, making it an excellent addition to any investment portfolio. With its unbeatable location, strong income potential, and opportunity for future growth, this property is ideal for investors seeking passive income or buyers looking to offset their mortgage with rental revenue. Showings begin July 1st. Please do not disturb tenants.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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Listed by eXp Realty - Montclair
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327