Price Reduced 85.45%
Price History
$1,100,000
9/5/2023
$160,000
3/26/2024
7 N Florida Ave, Atlantic City, NJ, 08401-3908
2023
5,000 sqft
ONLY SELLING LOT W/ PLANS NOW - Introducing a lucrative investment opportunity... This to-be built apartment complex consisting of 9 one bedroom units are located just two blocks away from the Atlantic City boardwalk and casinos. This new construction building is set to create a steady stream of cash flow. With all township plans approved, this turnkey project is ready to break ground as soon as a contract is secured. With a target rent of 1400/unit, this property should generate about 151,200 in gross rental income. The convenience of the location cannot be overstated, with the vibrant attractions and entertainment of Atlantic City right at your fingertips. Designed with modern living in mind, the luxury apartments offer stylish and comfortable living spaces that tenants will love. Don't miss out on this incredible opportunity.
Status:
Active
Type:
Commercial
Units:
9
Zoning:
R-3
Heating:
See Remarks See Remarks
Cooling:
See Remarks
Basement:
Full, Unfinished
Levels:
4
Parking:
On-Street Parking
Lot Size:
33.60X100IR
Est. Taxes:
$3,777
Assessment
$100,000
Current Use
Apartment Complex
Utilities
See Remarks
Lot Description:
Level Lot
MLS #:
3863052
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 Garden State Multiple Listing Service, Inc.
Listing courtesy of EXP Realty