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Mixed-Use

1722-24 Atlantic Avenue

1722 Atlantic Ave, Atlantic City, NJ 08401

Listing Price: $1,900,000

Cap Rate
8.65%
Number of Units
12
Occupancy
94.0%
Price/Unit
$158,333
Price/Gross SF
$122.58
Gross SF
15,500

Investment Overview

Marcus & Millichap is pleased to present 1722-24 Atlantic Avenue. This mixed use (commerical/residential) building is located in the Center of Town. Buildings are well maintained and all state licenses / city inspections up to date. One building is updated with central heat and air conditioning, the other building is electric baseboard heat and window units. This area is surrounded by AtlantiCare Regional Medical Center and the Tanger Outlet Stores. The NJ Transit Bus Station is located within two blocks of the properties. Building makeup consists of two commercial long-term tenants & 12 apartments: one 3-bedroom, seven 2-bedroom, three 1-bedroom and one studio. All units are separately metered for electric and gas, water & sewer are split between owner and 2 commercial tenants equally

Investment Highlights

  • One Building is Updated with Central Heat and Air Conditioning, the Other Building is Electric Baseboard Heat and Window Units
  • 12 Apartments: One 3-bedroom, Seven 2-bedroom, Three 1-bedroom, and One Studio
  • The Buildings are All Well Maintained and All State Licenses / City Inspections up to Date

Exclusively Listed By

Financing By

Mixed-Use

1722-24 Atlantic Avenue

Listing Price: $1,900,000

Cap Rate
8.65%
Number of Units
12
Occupancy
94.0%
Price/Unit
$158,333
Price/Gross SF
$122.58
Gross SF
15,500

Investment Highlights

  • One Building is Updated with Central Heat and Air Conditioning, the Other Building is Electric Baseboard Heat and Window Units
  • 12 Apartments: One 3-bedroom, Seven 2-bedroom, Three 1-bedroom, and One Studio
  • The Buildings are All Well Maintained and All State Licenses / City Inspections up to Date

Investment Overview

Marcus & Millichap is pleased to present 1722-24 Atlantic Avenue. This mixed use (commerical/residential) building is located in the Center of Town. Buildings are well maintained and all state licenses / city inspections up to date. One building is updated with central heat and air conditioning, the other building is electric baseboard heat and window units. This area is surrounded by AtlantiCare Regional Medical Center and the Tanger Outlet Stores. The NJ Transit Bus Station is located within two blocks of the properties. Building makeup consists of two commercial long-term tenants & 12 apartments: one 3-bedroom, seven 2-bedroom, three 1-bedroom and one studio. All units are separately metered for electric and gas, water & sewer are split between owner and 2 commercial tenants equally

Exclusively Listed By

Financing By

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