NOT LISTED FOR SALE

2511 Pacific Ave Atlantic City, NJ 08401

Chelsea Neighborhood
-- Bed
-- Bath
-- Sq Ft
1920 Built

Last Sold August 29, 2024

Last sale price $485,000

144 Days on Market

Highlights

  • Water Views
  • Baseboard Heating
  • Fenced
  • Porch

About This Home

As of August 2024

Investor Alert - Double Digit Cap Rate around 13% at full ask!! Income and Expenses Available to qualified buyers. Seven Unit Bldg one block to the Beach and Boardwalk! Solid Brick Construction and water views! Covered front porch and fenced in back patio. Located close to Tropicana, Tanger Outlets, Convetion Center, Ballys, Ceasers, and Boardwalk Hall. Being Sold As-Is, buyers responsible for their own Sales CO. All leases are in place and have rental COs. Brand new Fire Escape, and Just Passed the 5 year DCA Inspection! Income and Expenses available to qualified buyers.

Last Agent to Sell the Property

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC Listed on: 01/18/2024

WEICHERT REALTORS ASBURY GROUP-AC

Last Buyer's Agent

Sam Cohen

SUPERIOR PROPERTIES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 19x90
  • Fenced

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction

Kitchen

  • Self-Cleaning Oven
  • Stove

Utilities

  • Baseboard Heating
  • Separate Meters

Additional Features

  • Water Views
  • Porch

Community Details

Overview

  • 7 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 01/18/2024
  • Year Built: 1920
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Stove, Refrigerator, Self Cleaning Oven

Exterior Features

  • Outside Features: Curbs, Fenced Yard, Porch, Sidewalks
  • Siding Exterior: Brick

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Boardwalk Area, Water View
  • Lot Dimensions: 19x90

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 7
  • Number Of1 Bedroom Units: 6
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2024 08/29/24 Sold $485,000 -16.2% --
06/10/2024 06/10/24 Pending -- -- --
05/01/2024 05/01/24 Price Changed $579,000 -3.3% --
01/18/2024 01/18/24 For Sale $599,000 0.0% --
06/09/2023 06/09/23 Rented -- -- --
05/15/2023 05/15/23 Price Changed $1,325 -1.9% --
05/04/2023 05/04/23 Price Changed $1,350 -3.6% --
04/18/2023 04/18/23 Price Changed $1,400 -3.4% --
03/09/2023 03/09/23 Price Changed $1,450 -3.3% --
02/13/2023 02/13/23 Price Changed $1,500 -3.2% --
02/03/2023 02/03/23 For Rent $1,550 +59.0% --
01/19/2023 01/19/23 Rented -- -- --
01/09/2023 01/09/23 Price Changed $975 -2.5% --
10/26/2022 10/26/22 For Rent $1,000 +17.6% --
04/01/2022 04/01/22 Rented -- -- --
03/16/2022 03/16/22 Price Changed $850 -2.9% --
03/09/2022 03/09/22 Price Changed $875 -2.8% --
02/21/2022 02/21/22 For Rent $900 +5.9% --
02/15/2022 02/15/22 Rented -- -- --
07/15/2021 07/15/21 Price Changed $850 -8.1% --
07/13/2021 07/13/21 Price Changed $925 -2.6% --
06/29/2021 06/29/21 For Rent $950 0.0% --
10/16/2012 10/16/12 Sold $125,000 0.0% -- View Prior Sale
07/30/2012 07/30/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $125,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gerard Barker

    Seller's Agent in 2024

    Gerard Barker

    Weichert Corporate

    (609) 481-7745

    25 in this area

    221 Total Sales

    Gerard Barker
    Section Image

  • S

    Buyer's Agent in 2024

    Sam Cohen

    SUPERIOR PROPERTIES

    (609) 271-5491

    3 in this area

    32 Total Sales

    Sam Cohen
    Section Image
  • William Bradshaw

    Buyer's Agent in 2023

    William Bradshaw

    KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

    (609) 221-1595

    1 in this area

    32 Total Sales

    William Bradshaw
    Section Image
  • Silvette Rivera

    Buyer's Agent in 2023

    Silvette Rivera

    Weichert Corporate

    (856) 238-2082

    12 in this area

    79 Total Sales

    Silvette Rivera
    Section Image
  • Todd Gordon

    Buyer's Agent in 2012

    Todd Gordon

    BHHS FOX and ROACH-Margate III

    (609) 553-5098

    64 in this area

    430 Total Sales

    Todd Gordon
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 581325

South Jersey Shore Regional MLS
New Jersey Atlantic County Atlantic City 08401 Chelsea

2511 Pacific Ave, Atlantic City, NJ

This home is located at 2511 Pacific Ave, Atlantic City, NJ 08401 since 18 January 2024. This property was built in 1920. 2511 Pacific Ave is a home located in Atlantic County with nearby schools including Texas Avenue School, Atlantic City High School, and Our Lady Star of the Sea Regional School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

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