23 S Kentucky Avenue
Atlantic City, NJ 08401
- 9 beds
- 9 baths
- 6,795 sqft
- 3,045 sqft lot
- $131 per sqft
- 1930 build
*** Group Investor Tour Wednesday 9/4/24 at 1pm SHARP! *** PRICE IMPROVEMENT ON THIS AMAZING OPPORTUNITY! *** Discover a prime investment opportunity in Atlantic City's vibrant Casino district! This mixed-use apartment building offers a fantastic chance to own a piece of this bustling area. The property includes nine one-bedroom apartments and two storefronts, with eight of the eleven units fully renovated. Two apartments are currently rented at $1,350 on a month-to-month basis. The remaining units, previously used as Airbnbs, are renovated and furnished. The building features a comprehensive security camera system covering both the interior and exterior. Each unit is equipped with separate gas and electric meters. The building is serviced by one main heating boiler system and two water heaters. Don't miss out on this real estate jackpot - call today for details and to be notified of a planned upcoming investor group tour!
Listing courtesy of BRIGHT / EXP Realty, LLC
Last checked:
Checking…
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Last updated Nov 2, 2024
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MLS# NJAC2012896 —
The Building
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Year Built:1930
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Year Built Source:Estimated
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Year Major Reno/Remodel:2024
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New Construction:No
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Construction Materials:Other
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Structure Type:Other
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Architectural Style:Other
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Levels:3
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Roof:Flat
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Accessibility Features:2+ Access Exits
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Basement:Yes
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Basement Type:Partial
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Building Winterized:No
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Total SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:6795
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Above Grade Finished SqFt Source:Estimated
Interior
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Room List:Commercial/Retail Space
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Flooring Type:Luxury Vinyl Plank
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:6795
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Living Area SqFt:6,795 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Private
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Possession:Negotiable
Location
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Directions:Between Atlantic Ave & Pacific Ave.
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Cross Street:Atlantic Ave.
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Latitude:39.36042786
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Longitude:-74.42985535
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.07
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Lot Size Source:Estimated
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Lot Size Dimensions:35.00 x 87.00
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Lot Dimensions Source:Estimated
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Lot SqFt:3,045 Sqft
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Additional Parcels:No
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Zoning:KAR
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Zoning Description:"KAR" - Kentucky Avenue Renaissance District
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Other Structures:Above Grade
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Horse:No
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Water View:No
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Waterfront:No
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Water Oriented:Yes
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Water Access:No
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Distance To Water:Feet
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Distance To Body Of Water:1850
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Water Body Type:Ocean
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 692-4368
- Office phone:
- (866) 201-6210
Taxes
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Tax ID Number:02-00151-00019
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Tax Year:2023
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Tax Lot:00019
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Tax Annual Amount:$15,243
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Tax Assessed Value:$427,600
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:9
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Bedrooms Main Level:1
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Upper Level Bedrooms:8
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Upper Level 1 Bedrooms:4
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Bedrooms Upper Level:4
Baths
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Total Baths:9
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Full Baths:9
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Main Level Baths:1.00
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Main Level Full Baths:1
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Upper Level Full Baths:8
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Upper Level Total Baths:8
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Upper Level Total Baths:4.00
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Upper Level 2 Total Baths:4.00
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Upper Level Full Baths:4
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Upper Level 2 Full Baths:4
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Laundry Type:None
Schools
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School District Name:Atlantic City Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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Spa:No
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Monthly cost estimate
Asking price
$895,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,792
|
Taxes | $1,270 |
Insurance | $246 |
Utilities | $738 See report |
Total | $7,046/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/20/24
Sep 20, 2024
|
Pending | BRIGHT | $895,000 | |
8/20/24
Aug 20, 2024
|
Price Changed | BRIGHT | $895,000 | -5.7% |
7/9/24
Jul 9, 2024
|
Price Changed | BRIGHT | $949,000 | -4.6% |