100% Occupied Mixed Use Investment with 5 Apts & 1 Commercial Unit

  • $625,000
Featured For Sale
5 South Pennsylvania Avenue, Atlantic City, NJ, USA
  • Investment, Mixed-Use
  • Property Type
Featured

100% Occupied Mixed Use Investment with 5 Apts & 1 Commercial Unit

5 South Pennsylvania Avenue, Atlantic City, NJ, USA
  • $625,000

Overview

  • Investment, Mixed-Use
  • Property Type
  • Address 5 South Pennsylvania Avenue, Atlantic City, NJ, USA
  • City Atlantic City
  • State/county New Jersey
  • Zip/Postal Code 08401

Details

Updated on January 25, 2024 at 12:38 pm
  • Price: $625,000
  • Property Type: Investment, Mixed-Use
  • Property Status: For Sale
  • Building SqFt: 3,720
  • Block #: 137
  • Lot #: 2
  • Current Occupancy: 100%
  • Number of Buildings: 1
  • Number of Units: 6
  • Number of Stories: 3
  • Zoning: CBD
  • Total Assessment: $152,000
  • Assessed Land Value: $30,000
  • Improvement Value: $122,000
  • Tax: $5,741
  • Tax Year: 2022
  • Air Conditioner: Window Units
  • Heating: Baseboard, Electric
  • Hot Water: Electric
  • Location: Boardwalk Area, Business District
  • Separately Metered: Electric
  • Sewer: Public
  • Style: Commercial
  • Water: Public
  • Number of 1-Bedroom Units: 5
  • # of Other Units: 1 Commercial Unit

Description

5 S Penn is a great building in a nice quite location. Sitting in the Central Business District, this building is surrounded by professional uses. Comprised of five one bedroom units with electric heat, hot water and stoves/ovens. Plus one commercial unit on the ground level for a total of six rental units. Each unit is separately metered for electric, there is no common boiler. This is good building to manage with long standing tenants. Call for marketing package and additional details.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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