Seller's Agent in 2023
Gerard Barker
Weichert Corporate
(609) 481-7745
96 in this area
228 Total Sales
25 S Congress Ave Atlantic City, NJ 08401
Uptown Atlantic City Neighborhood
3
Beds
2
Baths
--
Sq Ft
2014
Built
About This Home
As of February 2023Turn 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)
Last Agent to Sell the Property
WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 03/02/2022
Last Buyer's Agent
WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 03/02/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2014
Lot Details
- Lot Dimensions are 40x95
- Sprinkler System
Parking
- 3 Parking Spaces
Property Views
- Ocean Views
Home Design
- Vinyl Siding
Kitchen
- Self-Cleaning Oven
- Stove
Utilities
- Baseboard Heating
- Separate Meters
Community Details
Overview
- 10 Units
Recreation
- Community Boardwalk
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2023 02/08/23 | Sold | $900,000 | 0.0% | -- |
| 10/01/2022 10/01/22 | Rented | -- | -- | -- |
| 08/01/2022 08/01/22 | Price Changed | $1,700 | -5.6% | -- |
| 07/20/2022 07/20/22 | Price Changed | $1,800 | 0.0% | -- |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 07/15/2022 07/15/22 | For Rent | $1,850 | 0.0% | -- |
| 07/05/2022 07/05/22 | Off Market | $1,850 | -- | -- |
| 05/13/2022 05/13/22 | For Rent | $1,850 | 0.0% | -- |
| 05/09/2022 05/09/22 | Price Changed | $1,100,000 | +10.0% | -- |
| 05/05/2022 05/05/22 | Price Changed | $1,000,000 | -13.0% | -- |
| 04/12/2022 04/12/22 | Price Changed | $1,150,000 | -4.2% | -- |
| 03/02/2022 03/02/22 | For Sale | $1,200,000 | 0.0% | -- |
| 02/01/2017 02/01/17 | Rented | -- | -- | -- |
| 02/01/2017 02/01/17 | For Rent | -- | -- | -- |
| 02/03/2014 02/03/14 | Rented | -- | -- | -- |
| 01/04/2014 01/04/14 | Under Contract | -- | -- | -- |
| 12/03/2013 12/03/13 | For Rent | -- | -- | -- |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2022
Anjanique (AJ) Kent
Weichert Corporate
(719) 340-1256
-
Seller's Agent in 2014
Rivka Nagel
BHHS Fox & Roach
(609) 214-0101
2 in this area
41 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 560224
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