2801 ARCTIC AVE Active Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $154
MLS Listing ID NJAC2019880
Style Other
Year Built 1965
Annual Tax Amount $6,886
Tax Year 2024
Lot Size 1,102 Sqft
Property Sub-Type Triplex
Property Description
Prime location near famous casinos and the boardwalk, featuring a restaurant, employee apartments, and untapped potential – a Triple-Level Gem! This is a fantastic opportunity for first-time homebuyers to live on the third floor and rent out the other two levels to potentially cover the mortgage, or for investors seeking strong rental income. The ground floor houses a well-established restaurant operating for over six years, adding great value. The second floor is now vacant and offers 3 spacious bedrooms and a full bath – ideal for rental or personal use. The third floor is also vacant, boasting 2 commodious bedrooms, generous living space, and a full bath. Property is being sold strictly in "as-is" condition. Don't miss this income-generating opportunity in a high-demand area!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning NC-1
Interior
Hot Water Natural Gas,Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s),Window Unit(s)
Flooring Hardwood,Carpet,Laminated,Tile/Brick
Exterior
Utilities Available Sewer Available,Water Available,Natural Gas Available,Electric Available,Cable TV Available
Water Access N
View City,Street,Water
Roof Type Flat,Rubber
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Structure Type High,Dry Wall,9'+ Ceilings
New Construction N
Schools
Elementary Schools Dr. Martin Luther King School
Middle Schools Texas Avenue School
High Schools Atlantic City H.S.
School District Atlantic City Schools
Others
Acceptable Financing Cash,Conventional,FHA,FHA 203(k),VA,Other
Listing Terms Cash,Conventional,FHA,FHA 203(k),VA,Other
Special Listing Condition Standard