Atlantic City, NJ 08401,36 S Elberon Ave
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Atlantic City, NJ 08401,36 S Elberon Ave
Atlantic City, NJ 08401,36 S Elberon Ave
Atlantic City, NJ 08401,36 S Elberon Ave
Atlantic City, NJ 08401,36 S Elberon Ave

$400,000

Est. payment /mo

$379,000

5.5%
Est.Price: ?

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36 S Elberon Ave Atlantic City, NJ 08401

3 Beds

SOLD DATE : 07/23/2024

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 586542

Bedrooms 3

Annual Tax Amount $5,187

Tax Year 2024

Property Description

INVESTOR ALERT!!! Fantastic income producing property located near Stockton University in Atlantic City. With great potential, this building and its apartments offer a unique opportunity to rent to students, making it a highly desirable investment. Although the property is in need of some TLC, this allows for customization and enhancement, enabling you to maximize its value. Situated in close proximity to the university, this prime location ensures a steady influx of students seeking housing, offering a reliable source of rental income. Don't miss out on this excellent chance to capitalize on the ever-growing demand for student rentals. Basement apartment is a 2 bedroom, 1 bath with a monthly rent of $1,050.00. Unit 2 is a 3 bedroom, 2 Bath unit paying $1,125.00 per month. Unit # 3 is a 3 bedroom, 1.5 Bath unit paying $1,250.00 per month. Tenants all pay their own electric. Units 2 and 3 pay gas for cooking and hot water. Owner pays gas for heating and cooking/hot water for basement apartment and coin operated Laundry for building.

Location

State NJ

County Atlantic

Community Atlantic City

Area Atlantic City

Interior

Heating Gas-Propane, Radiator

Exterior

Exterior Feature Brick, Shingle

Parking Features None

Building

Sewer Public Sewer

Water Public

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South Jersey Shore Regional MLS (SJSRMLS)
Listed by BOARDWALK REALTY

Jason Gareau

Broker

+1(609) 929-4486

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