2601 Pacific Ave #4Atlantic City, NJ 08401
Great investment opportunity to own (or lease to buy) a property located in Chelsea Development Area in Atlantic City. It is a mix-use, fully occupied multiple units building with three residential units on the second floor and one storefront on the first floor currently occupied by good, long term tenants. The current rental income is $4000 per month. Since it's being managed by an absentee landlord so the rents haven't been increased since 2017, which is way below market value. With a little TLC, the new owner can easily collect $7000 monthly income. The property is located in the intersection of Texas Ave and Pacific Ave. It is within 5 minutes walking distance to Tropicana casino, convenient store, beach, and jitney bus line that could take you throughout the Atlantic City. Meanwhile, it is also convenient to banks, highway, train station, and the Tanger outlet shopping area.
- Property TypeCommercial
- NeighborhoodN/A
- CountyAtlantic
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site3 Days
- MLS StatusActive
- MLS ID Number586790
- Home Size Source N/A
- Year Built1978
- Lot Size0.07 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other ( See Remarks)
- Construction Stucco
- Acreage 0.07
Interior Features
- Heating BaseboardMulti- Zoned
Exterior Features
- Roof AsphaltFlat
- Waterfront Property No
Community Features
- MLS Area Atlantic City