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$ 499,000
Est. payment | /mo
3 Baths
$ 499,000
Est. payment | /mo
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 598471
Full Baths 3
Annual Tax Amount $7,971
Tax Year 2024
Property Sub-Type Triplex
Property Description
Income-Producing Triplex – $499,000 Investor special or perfect house-hack opportunity! Welcome to 36 N Florida Ave, a spacious triplex in the heart of Atlantic City offering immediate income and long-term upside. This property features: Two 2-Bedroom, 1-Bath Units – one currently rented at $1,700/month, together they could bring in $3,400/month combined. One 4-Bedroom, 1-Bath Unit – currently vacant, with conservative rental potential of $2,200/month. That's a total gross rental potential of $5,600/month or $67,200/year once fully occupied. Live in the vacant 4-bedroom unit and offset your mortgage with $3,400/month in rental income from the other two units — or rent all three for strong cashflow in a growing market. Property is being sold strictly AS-IS, with the buyer responsible for the Certificate of Occupancy and all municipal requirements. With a listing price of just $499,000, this is a rare chance to secure a triplex with solid income, value-add potential, and a path to long-term wealth. Located just minutes from the beach, boardwalk, casinos, and public transportation, this property checks all the boxes for investors and owner-occupants alike. Don't miss your shot at owning a high-yield asset in one of Atlantic City's most promising neighborhoods. Book your appointment today!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Rooms
Other Rooms Dining Room, Eat In Kitchen, Living Room
Basement Outside Entrance
Interior
Heating Gas-Natural, Radiator
Exterior
Parking Features One Car
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by MARCHESE REAL ESTATE, LLC
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