Est. mensual: $3,619 Recalcular
Acerca de esta propiedad
Multifamiliar (2-4 unidades)Número de MLS: #587872
CASH FLOWING 5-UNIT APARTMENT BUILDING only a couple of blocks from the Beach on the Ventnor side of Atlantic City! Instant cash flow in a great area of the City where your occupancy rate will be incredibly high with the proximity to the water and other amenities. All CCOs & 5 year state inspection are in hand. Owner recently made major updates to the property and increased rents to market rent, making this a turnkey opportunity for your portfolio. The 2 units in the photos were empty at the time photos were taken, but will be filled prior to settlement. The other 3 units are currently filled and are of similar condition. The pro forma rent roll is $103,200.00 annually in gross rent revenue, $8,600.00 per month. Tenants pay their own electric. Owner pays Insurance, Taxes, Water/Sewer, and Gas. Pro Forma NOI comes to $76,333.00, making the pro forma Cap Rate 8.98% at the listing price, phenomenal for a property this close to the ocean! This property's appreciation value proposition is immense due to its proximity to Ventnor Beach, Stockton University, and Richmond Avenue School in AC. Enjoy the prospect of cash flow on day 1, high occupancy rates, and appreciation potential that this property offers.Características de la propiedad
Amenidades: | Puerto |
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Sistema de refrigeración: | Equipo de aire acondicionado de pared |
Sistema de calefacción: | Radiadore |
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Escuela primaria
RICHMOND AVENUE SCHOOL
0.1
MillasVer detalle
Escuela secundaria (ciclo básico)
RICHMOND AVENUE SCHOOL
0.1
MillasVer detalle
Escuela secundaria (ciclo superior)
ATLANTIC CITY HIGH SCHOOL
1.6
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
Chelsea Heights School | 0.6 mi | Public | PK-8 | B |
Sovereign Avenue School | 0.7 mi | Public | PK-8 | C- |
Brighton Avenue School | 0.8 mi | Public | PK-5 | C- |
Our Lady Star Of The Sea Regional | 1.0 mi | Private | PK-8 | |
Texas Avenue School | 1.1 mi | Public | KG-8 | D |
Dr. Martin Luther King Jr. School Complex | 1.6 mi | Public | PK-8 | D+ |
Ventnor Elementary School | 1.9 mi | Public | PK-4 | A |
Ventnor Middle School | 2.0 mi | Public | 5-8 | B |
Venice Park School | 2.0 mi | Public | PK | |
New York Avenue School | 2.0 mi | Public | PK-8 | F |
Eugene A. Tighe Middle School | 2.4 mi | Public | 5-8 | A |
William H. Ross Iii Elementary School | 2.5 mi | Public | PK-4 | A |
Pennsylvania Avenue School | 2.6 mi | Public | PK-8 | D |
Uptown School Complex | 2.8 mi | Public | PK-8 | D+ |
South Main Street Elementary School | 4.4 mi | Public | PK-5 | D- |
North Main Street Elementary School | 4.5 mi | Public | PK-5 | C+ |
Washington Avenue Elementary School | 4.7 mi | Public | PK-5 | D+ |
Leeds Avenue Elementary School | 4.9 mi | Public | PK-5 | D |