25 S Congress Avenue Atlantic City, New Jersey, 08401 United States
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25 S Congress Avenue
Atlantic City, New Jersey, 08401 United States

Soleil Sotheby's International Realty
Listing image
Listing image

Property details

  • Property type

    Multi-Family Homes

  • Status

    Under Contract

  • Year Built

    2014

Courtesy Of

WEICHERT REALTORS ASBURY GROUP-AC

25 S Congress Avenue

Turn Key 10 Unit Apartment Building fully occupied with long term tenants on month to month leases - Investor Alert - 29% Projected Cap-Rate as an AirBnB - 1 Block to the new Showboat Waterpark! EVERYTHING WAS NEW IN THIS BLDG as of 2014!!! Fully renovated 10 unit apt bldg. Features four 1bdrms, four 2bdrms, & two 3bdrms. Without a doubt the nicest 10 unit bldg for sale in the city. Current income & expenses, 2022 fair market rent pro-forma, & AirBnB Pro-forma are all available to qualified buyers only. Ideal location between Atlantic and Pacific Aves in the up and coming AC Inlet. Walking distance to the Beach and Boardwalk, Hard Rock & Ocean Resort Casino, The Showboat, Absecon Lighthouse, Historic Gardner's Basin, Atlantic City Aquarium, & the Inlet. All public transportation is available half a block away in either direction. Every single thing on this building was replaced in 2014 including the roof, windows, siding, fire escape, sprinkler system, sheetrock, mold resistant drywall, framing, insulation, vents, flooring, tile, kitchens, bath, tubs, appliances, water heaters, fire monitoring system, sinks, garbage disposal, gas lines, water lines, sewer lines, drain lines, plumbing, electric, and utilities. Collect rents with no major ongoing repairs, low taxes & low flood ins. Perfect for 1031 tax exchange AirBnB, VRBO, short term or annual rental investment property. (Two lots also available to purchase as a package deal MLS# 506991 & 506990, 7 & 11 S Congress. 4445 SQFT)

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC

Courtesy Of

WEICHERT REALTORS ASBURY GROUP-AC

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Amenities & Features

  • Listing Details
    • Property ID
      560224
    • MLS#
      560224
    • Property type
      Multi-Family Homes
    • Courtesy Of
      Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
    • Status
      Under Contract
    • Listing Price
      $1,100,000
    • County
      Atlantic County
    • School District
      Atlantic City
  • Utilities & Building
    • Year Built
      2014
    • cooling
      Electric
    • Other
      Baseboard, Public Sewer Service, Public Water Supply
  • Interior
    • Amenities
      Cable / Satellite TV, Refrigerator, Sprinkler System
    • Bedrooms
      4
    • appliances / Inclusions
      Stove
  • Additional Features
    • Features
      Curbs & Gutters, Sidewalk, Ocean View
    • Construction
      Vinyl Siding