$255,000
$255,000
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8 N Montpelier Ave Atlantic City, NJ 08401
3 Beds
Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 547597
Sold Date 04/30/21
Bedrooms 3
Year Built 1940
Annual Tax Amount $7,789
Tax Year 2020
Property Sub-Type Triplex
Property Description
Investor Alert!! Excellent Multi Family/ Mixed Use INCOME PRODUCING Triplex building with 6 rental rooms located in the heart of Atlantic City, NJ. Building and units are well maintained by a very qualified long time owner keeping all state licenses and city inspections up to date. This building is located steps from beach/boardwalk, shopping, casinos, dining, and new Stockton University. Also, tenants have easy access to NJ Transit Bus stop and Atlantic City Jitney stop making this location ideal for transportation. Building makeup consists of 3 apartments and 6 rental rooms with long-term tenants: One 3-bedroom/ 1 bathroom unit, two 1-bedroom/ 1 bathroom units and 6 rental rooms with 2 common full bathrooms. All units are separately metered for electric. Water, sewer and gas heat paid by owner. Potential gross income of $ 63,300. Some recent improvements include new roof, new siding, and new hot water. Perfect for investment property or owner operator. Call listing agent for more information or private tour. ACT NOW, THIS OPPORTUNITY WILL NOT LAST LONG!!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details See Remarks
Rooms
Basement Slab
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Vinyl
Parking Features One Car
Building
Sewer Public Sewer
Water Public
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