NJ > Atlantic City
Atlantic City, NJ 08401,2801 ARCTIC AVE
Atlantic City, NJ 08401,2801 ARCTIC AVE
Atlantic City, NJ 08401,2801 ARCTIC AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Ann D. Atherton • Coldwell Banker Residential Brokerage - Warren
$499,000
Est. payment /mo
3,220 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,220 sqft

Price per Sqft $154

MLS Listing ID NJAC2019880

Style Other

Abv Grd Liv Area 3,220

Year Built 1965

Annual Tax Amount $6,886

Tax Year 2024

Lot Size 1,102 Sqft

Acres 0.03

Lot Dimensions 18.10 x 61.00

Property Sub-Type Triplex

Source BRIGHT

Property Description

Prime location near famous casinos and the boardwalk, featuring a restaurant, employee apartments, and untapped potential – a Triple-Level Gem! This is a fantastic opportunity for first-time homebuyers to live on the third floor and rent out the other two levels to potentially cover the mortgage, or for investors seeking strong rental income. The ground floor houses a well-established restaurant operating for over six years, adding great value. The second floor is now vacant and offers 3 spacious bedrooms and a full bath – ideal for rental or personal use. The third floor is also vacant, boasting 2 commodious bedrooms, generous living space, and a full bath. Property is being sold strictly in "as-is" condition. Don't miss this income-generating opportunity in a high-demand area!

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning NC-1

Interior

Interior Features Bathroom - Stall Shower, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Other

Hot Water Natural Gas, Electric

Heating Baseboard - Electric

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Hardwood, Carpet, Laminated, Tile/Brick

Fireplace N

Heat Source Natural Gas Available, Electric

Exterior

Utilities Available Sewer Available, Water Available, Natural Gas Available, Electric Available, Cable TV Available

Water Access N

View City, Street, Water

Roof Type Flat,Rubber

Street Surface Black Top

Accessibility None

Road Frontage City/County

Garage N

Building

Lot Description Corner

Above Ground Finished SqFt 3220

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Structure Type High,Dry Wall,9'+ Ceilings

New Construction N

Schools

Elementary Schools Dr. Martin Luther King School

Middle Schools Texas Avenue School

High Schools Atlantic City H.S.

School District Atlantic City Schools

Others

Tax ID 02-00345-00062

Ownership Fee Simple

SqFt Source 3220

Acceptable Financing Cash, Conventional, FHA, FHA 203(k), VA, Other

Listing Terms Cash, Conventional, FHA, FHA 203(k), VA, Other

Financing Cash,Conventional,FHA,FHA 203(k),VA,Other

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Simone Velvel

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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2801 ARCTIC AVE

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