307 Atlantic Ave

Atlantic City NJ 08401

7626 sq. ft.

Other

Last sold for $1,425,000

GERARD (Jerry) BARKER, last sold this property on 15 August 2022 after -197 days on market.

Overview

26% Projected Cap-Rate as an AirBnB - Investor ALERT - EVERYTHING IS NEW IN THIS BLDG!!!! Fully renovated 12 unit apt bldg, NO EXPENSE SPARED!! Features six 1bdrms and six 2bdrm newly renovated apts. Without a doubt the nicest multi unit bldg for sale in the city. The past several years have been spent gutting it to the bare bricks before starting the renovations. Survey, elevation cert, floor plans, pro-forma, etc are all available to qualified buyers only. The location is in ideal walking distance to Beach and Boardwalk, Hard Rock & Ocean Resort Casino, The Showboat, Absecon Lighthouse, Historic Gardner's Basin, Atlantic City Aquarium, & the Inlet. Parking is available on the street or out back in the new parking area behind building. All public transportation is available out front of the building. Everything is new on this building, it has new roof, new windows, new front facade, new PVC fence, new sidewalks, new fire escape, 3/4 CDX sub floor, sheetrock, mold resistant drywall, framing, insulation, smart vents, flooring, tile, kitchens, bath, appliances, water heaters, fire monitoring system, Comcast Main & Verizon Terminal, tubs, sinks, garbage disposal, gas lines, water lines, sewer lines, drain lines, plumbing, electric (13 Meters, 100amp each apt), and utilities. EVERYTHING ALL NEW!! Collect rents with no ongoing repairs, low taxes & low flood ins. Perfect for 1031 tax exchange AirBnB, VRBO, short term or annual rental investment property.

Features

3 carspaces

3 garage spaces

7626 sq. ft. floor area

Other

Estimated Value

Based on this property and similar other properties sold in Atlantic City over the last 12 months, the estimated median property value of 307 Atlantic Ave is $242.5k.

Median value

$242.5k

Estimated value range

$162.9k - $280k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Atlantic City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 307 Atlantic Ave

2022

Sold

$1,425,000

15 Aug 2022 by GERARD (Jerry) BARKER, of WEICHERT REALTORS ASBURY GROUP-AC

2020

Sold

$1,200,000

31 Jan 2020 by GERARD (Jerry) BARKER, of WEICHERT REALTORS ASBURY GROUP-AC

2019

Rented

Undisclosed

30 Aug 2019 by WEICHERT REALTORS ASBURY GROUP-AC

Happy sellers in Atlantic City

We have insufficient information to provide an overview of customer satisfaction for Atlantic City. Viewing the agent profiles, reviews and sales for Atlantic City can provide insights for this location.