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2801 Arctic Ave , #3

Atlantic City, NJ 08401
  • $575,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 3902948
UPDATED: 175 min ago
$575,000
  • 5
    BEDS
  • 0.03
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 3,220
    SQFT
  • $179
    $/SQFT
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

"Prime location near famous casinos and boardwalk, featuring a restaurant, employee apartments, and untapped potential. A Triple-Level Gem! It's a great opportunity for first time home buyers to use the third floor for living and other two floor rent could pay the mortgage and also great investment for investors. The second floor is brimming with 3 spacious bedrooms and a full bath, rented to the restaurant's employees. Third floor is vacant and weighted with 2 Commodious bedrooms and Generous living space and full bath.Ground floor is well-known restaurant in the area for more than six years. The property is being sold strictly in "as-is, condition.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-23T18:46:17.99.
www.trompeterrealestate.com/homes/150717636
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2801 Arctic Ave , #3 Atlantic City, NJ 08401

  • Price: $575,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 175 min ago
  • MLS #: 3902948
5
Beds
2
Baths
1
½ Baths
0.03
Acres
3,220
SQFT
$179
$/SQFT
1965
Built
County:
Atlantic
Area:
Atlantic City
Property Description
"Prime location near famous casinos and boardwalk, featuring a restaurant, employee apartments, and untapped potential. A Triple-Level Gem! It's a great opportunity for first time home buyers to use the third floor for living and other two floor rent could pay the mortgage and also great investment for investors. The second floor is brimming with 3 spacious bedrooms and a full bath, rented to the restaurant's employees. Third floor is vacant and weighted with 2 Commodious bedrooms and Generous living space and full bath.Ground floor is well-known restaurant in the area for more than six years. The property is being sold strictly in "as-is, condition.
Exterior Features

Approximate Lot Size 18.1X61 Color Of Building White/Gree Exterior Description ConcBrdSeeRem Exterior Features See RemarksSidewalk Lot Description Corner Number Of Parking Spaces 0 Parking Driveway Description On-Street Parking Roof Description FlatSee Remarks

Interior Features

Basement No Cooling NoneSeeRem Heating 3 UnitsSee Remarks Interior Features See Remarks Total Number Of Rooms 11 Unit1 Appliances Equipment See Remarks Unit1 Baths 1.0 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description KitchenSee RemarksStorageUtility Room Unit1 Rooms 2 Unit1 Security Deposit 2600 Unit1 Sq Ft 1000 Unit2 Appliances Equipment Range/Oven - ElectricRefrigeratorSee Remarks Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving RoomMaster BedroomSee Remarks Unit2 Rooms 5 Unit2 Sq Ft 1000 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving RoomSee Remarks Unit3 Rooms 4 Unit3 Sq Ft 1000

Property Features

Assessment Total 199500 Building Assessment 158300 Building Number 1 Easement Unknown Expenses Include InsuranceSee RemarksTaxes Farm Assessment No Fha Age Restricted No Fuel Type ElectricGas-NaturalSee Remarks Gross Operating Income 48000 Home Warranty No Land Assessment 41200 Net Operating Income 35665 Services Cable TVGarbage Extra Charge Sewer Public Sewer Tax Amount 7535 Tax Rate Amount 3.565 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 12335 Unit Style 3-Three StorySee Remarks Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit1 Rent 2600 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 1400 Unit2 Security Deposit 1400 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays ElectricOwner Pays GasOwner Pays HeatOwner Pays Water Unit3 Rent 0 Unit3 Security Deposit 0 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Approximate Zoning NC-1

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 973-856-3749.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-23T18:46:17.99.
 
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