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$ 325,000
Est. payment /mo
New
1017 Arctic Ave Atlantic City, NJ 08401
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 602253
Bedrooms 2
Full Baths 2
Year Built 1930
Annual Tax Amount $4,293
Tax Year 2025
Property Sub-Type Triplex
Property Description
Incredible investment opportunity in a prime, up-and-coming corridor near the Hard Rock Casino and major redevelopment zones. This 3-story mixed-use brick building offers a total of 2,050 sq ft and is zoned Commercial (Land Use - State) and sits on a 15 ft x 62 ft lot (0.0214 acres). The property features a diverse income-producing layout: a vacant 700 sq ft commercial storefront with a new tenant coming soon (Dominican Restaurant) on the first floor and two residential apartments, both 1 bedroom and 1 bathroom, on the second and third floors. One of the apartments is currently rented for $1,300 per month, and the other one will be vacant in December and ready for a new tenant. The building includes central heating and cooling, features one brand-new bathroom and one updated bathroom, and is situated close to future job growth and infrastructure improvements. Perfect for investors seeking cash flow, owner-occupants looking to offset costs with rental income, or business owners wanting to live and work on-site. At $325,000, this mixed-use asset is priced to sell quickly and presents a rare opportunity to own a multi-revenue stream property in a high-potential location.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Gas-Natural, Multi-Zoned
Exterior
Exterior Feature Brick
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield