Views
Address
1 S Delancy Place, Atlantic City, NJ
Price
$ 1,000,000
Property Attributes
- MLS#NJAC2012292
- TypeMulti-Family
- CountyATLANTIC
- CityAtlantic City
- AreaAtlantic City
- NeighborhoodAtlantic City
- Zip08401
- StyleA-Frame
- Year Built1930
- Taxes$ 9625
- Price$ 1,000,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description
Atlantic City 6 unit money maker consisting of an ultra luxurious 2 bedroom that is currently rented via AirBNB and netted $30,000 in less than a full year of operations! With the 5 star reviews, we anticipate revenue to increase every year...OR use this swanky pad as an owners unit or vacation getaway! Of the remaining units, 3 have been recently renovated, and 2 are clean and solid but can be renovated to increase rents! ALL of the units are under market rents, making this an amazing VALUE ADD investment! Perfect Chelsea Heights Atlantic City location, under 2 blocks to the Beach at Bartram's Garden with a gorgeous grass area and restrooms...A few blocks to the bay, a short walk to Stockton College, the renowned Knife and Fork Inn and Restaurant, and a quick shot to everything that Atlantic City, Ventnor, Margate and Longport have to offer! Snatch this one up before someone else does!
| Price History | |
|---|---|
| 5/2/2024 | Listed $1,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Possession | 0-30 Days CD,31-60 Days CD,61-90 Days CD |
| Roof | Shingle |
| Zoning | R-2 |
| Pool Y/N | No Pool |
| Architectural Style | A-Frame |
| Construction Materials | Frame |
| Year Built | 1930 |
| View | Ocean |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Accessibility | None |
| County | ATLANTIC |
| Net Operating Income | 72350.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | ATLANTIC CITY |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 7 |
| Status | ACTIVE |
| Directions | Use GPS |
| ModificationTimestamp | 2024-05-03T09:20:27 |
| City | ATLANTIC CITY |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Agent has Financial Interest,Owner RE Licensee |
| Total Units | 4 |
| MLS Area | Atlantic City (20102) |
| Lot Size Square Feet | 2400.00 |
| Tax Assessed Value | 270000.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 6 |
| Street Name | DELANCY |
| Tax Annual Amount | 9625.0 |
| Property Condition | Very Good |
| Two Bedroom | 1 |
| Structure Type | Detached |
| One Bedroom Units Count | 5 |
| Other Units | Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6 |
| Price Per Sq Ft | 256.41 |
| Historic Y/N | No |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 3900 |
| Days on Market | 2 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00001 |
| Total Actual Rent | 88800.00 |
| Cap Rate | 7.25 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Central |
|---|---|
| Flooring | Luxury Vinyl Plank |
| Hot Water | Electric |
| Furnished Units | Some |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | PLACE |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | United States |
| Foundation Details | Block |
| Water View Y/N | Yes |
| Lot Dimensions | 32.00 x 75.00 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 60000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 08401
Price
Taxes
Visits
Year Built
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