Link Copied
Listed price in listed location currency (USD).
$350,000

000

MLS® 603581

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $6,693
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 603581

Property Address: 12 S Florida Ave, Atlantic City, NJ, 08401-6532

Average square foot calculated using Size range provided by listing agent.

Description

16.60% CAP RATE! Calling all investors—don’t miss this exceptional opportunity to own a high-performing 5-family income property located just steps from Caesars and Tropicana Casinos and only 1.5 blocks from the beach and boardwalk. This fully tenanted property generates $97, 200.00 in gross annual income with expenses of $39, 089.80, resulting in an impressive $58, 110.20 net annual income and immediate cash flow. All tenants are current and paying on time. Land Use CO approved for 5 units. Prime Atlantic City location near casinos, beach, boardwalk, dining, entertainment, and public transportation. Property is being sold AS-IS. Buyer responsible for all required certifications and C/Os. Inspections are for informational purposes only. A rare opportunity for investors seeking strong returns in a high-demand location.
MLS® Number603581
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
DrivewayPARKING - EXTERIOR: Off Site Parking, Garage: None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 8, 2026List Date
$350,000List Price
  • Commute

Commute

Starting Address
Destination Address
12 S Florida Ave, Atlantic City, NJ

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties