Multifamily

108-110 South Lincoln Place

Listing Price: $1,900,000

Cap Rate
5.20%
Number of Units
24
GRM
9.53
Occupancy
97.00%
Price/Unit
$79,167
Price/Gross SF
$105.98
Gross SF
17,928

Investment Overview

Marcus and Millichap is pleased to present 108 and 110 South Lincoln Place. The multi-family complex is composed of 2 buildings, each 12 units and each 3 stories high. The properties are on Atlantic City's beautiful beach block. Atlantic City is primarily a resort town, best known for its Hotels, Casinos, Americas first boardwalk, and sandy beaches. 108 and 110 are situated between the Enclave condominiums and the Beach-view residence senior housing complex.

The apartments are in an Opportunity Zone and are 0.1 miles away from the Atlantic City Gateway Project. The project is home to Stockton University's new residential campus, as well as a brand-new parking garage topped by new offices for South Jersey Gas. The development has created economic growth and social change throughout Atlantic City. The Stockton University campus includes a housing and student center on the Boardwalk - An academic building that accommodates 1,800 students, with a student lounge and housing with 533 beds that overlooks the beach and boardwalk. The campus offers courses in business, hospitality, social work, and leadership.

Investment Highlights

  • Located one block from Atlantic City Gateway Project & Stockton University
  • Value Add
  • Beach Block
  • Resort Town
  • NJ Opportunity Zone

Exclusively Listed By

Listing Price: $1,900,000

Cap Rate
5.20%
Number of Units
24
GRM
9.53
Occupancy
97.00%
Price/Unit
$79,167
Price/Gross SF
$105.98
Gross SF
17,928

Investment Highlights

  • Located one block from Atlantic City Gateway Project & Stockton University
  • Value Add
  • Beach Block
  • Resort Town
  • NJ Opportunity Zone

Investment Overview

Marcus and Millichap is pleased to present 108 and 110 South Lincoln Place. The multi-family complex is composed of 2 buildings, each 12 units and each 3 stories high. The properties are on Atlantic City's beautiful beach block. Atlantic City is primarily a resort town, best known for its Hotels, Casinos, Americas first boardwalk, and sandy beaches. 108 and 110 are situated between the Enclave condominiums and the Beach-view residence senior housing complex.

The apartments are in an Opportunity Zone and are 0.1 miles away from the Atlantic City Gateway Project. The project is home to Stockton University's new residential campus, as well as a brand-new parking garage topped by new offices for South Jersey Gas. The development has created economic growth and social change throughout Atlantic City. The Stockton University campus includes a housing and student center on the Boardwalk - An academic building that accommodates 1,800 students, with a student lounge and housing with 533 beds that overlooks the beach and boardwalk. The campus offers courses in business, hospitality, social work, and leadership.

Exclusively Listed By

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