Estimated payment $2,368/month
This is a great investment opportunity with a motivated seller, a multi-family unit in an excellent location. It is a four-unit building that is currently 75% occupied. There is one four-bedroom unit, one two-bedroom unit, and two one-bedroom units, all of which have separate electric meters. The tenants are reliable and have been keeping up-to-date with their rent payments. The location is superb, with easy access to dining, shopping, and cultural centers that offer all necessary amenities nearby. The property is also conveniently located just a block away from the famous casinos and beaches of Atlantic City. It is being sold "As Is" and has a gross monthly income of $4,900. Sold "AS-IS," WHERE IS. Buyer is responsible for all inspections, CO, and certifications. The Seller is not responsible for any repairs, corrections, treatments, remediation, or mitigation. The LBP addendum and rental leases have been attached to the associate's documents.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,521 | $102,000 | $27,000 | $75,000 |
| 2023 | $3,853 | $102,000 | $27,000 | $75,000 |
| 2022 | $3,853 | $102,000 | $27,000 | $75,000 |
| 2021 | $3,979 | $102,000 | $27,000 | $75,000 |
| 2020 | $4,013 | $102,000 | $27,000 | $75,000 |
| 2019 | $4,781 | $120,000 | $50,000 | $70,000 |
| 2018 | $4,240 | $120,000 | $50,000 | $70,000 |
| 2017 | $4,105 | $120,000 | $50,000 | $70,000 |
| 2016 | $4,632 | $120,000 | $50,000 | $70,000 |
| 2015 | $4,106 | $120,000 | $50,000 | $70,000 |
| 2014 | $5,692 | $170,000 | $80,000 | $90,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $379,000 | -5.0% | -- |
| 06/23/2025 06/23/25 | For Sale | $399,000 | +69.8% | -- |
| 10/18/2023 10/18/23 | Sold | $235,000 | -27.7% | $95 / Sq Ft |
| 08/10/2023 08/10/23 | Pending | -- | -- | -- |
| 03/08/2023 03/08/23 | For Sale | $325,000 | +531.1% | $131 / Sq Ft |
| 01/24/2014 01/24/14 | Sold | $51,500 | 0.0% | $21 / Sq Ft |
| 11/15/2013 11/15/13 | Pending | -- | -- | -- |
| 08/20/2013 08/20/13 | For Sale | $51,500 | -- | $21 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Cornerstone Title | |
| Deed | $235,000 | Cornerstone Title Agency | |
| Deed | -- | None Available | |
| Deed | $51,000 | Old Republic Natl Title Ins | |
| Deed | $51,500 | Old Republic Natl Title Ins | |
| Deed | $263,000 | -- | |
| Deed | $263,000 | -- | |
| Deed | $263,000 | -- | |
| Bargain Sale Deed | $215,000 | Commonwealth Title | |
| Deed | $45,000 | The Title Company | |
| Deed In Lieu Of Foreclosure | -- | The Title Company |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $345,000 | New Conventional | |
| Previous Owner | $271,850 | Construction | |
| Previous Owner | $262,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $161,250 | Unknown | |
| Previous Owner | $161,250 | Purchase Money Mortgage | |
| Previous Owner | $140,000 | Unknown | |
| Previous Owner | $132,000 | Unknown | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $11,000 | Stand Alone Second | |
| Previous Owner | $30,000 | No Value Available |
$459,000
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Source: South Jersey Shore Regional MLS
MLS Number: 597549
APN: 02-00167-0000-00010
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