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20 N Sovereign

Atlantic City, NJ 08401
  • $539,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 558095
Price Reduced
UPDATED: 64 min ago
$539,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Investor alert! Great opportunity to purchase a 4 unit multi-family property in Atlantic City. 3 of the 4 units were just recently completely remodeled and renovated. On the lower level of this property, there are two brand new 2 bedroom, 1 bathroom units. On the main level, this unit includes 4 spacious bedrooms and 1 full bathroom. Currently only unit D (on the top floor) is occupied with tenants with a one year lease. Units A, B, C currently vacant as the renovations were just complete. There is a shared laundry room on the ground floor in the rear of the property. Some of the newest upgrades on this property include new roof (with a 20 year warranty), new electric (with a 1 year warranty), new plumbing (with a 1 year warranty), new tankless water heater, all new separate electric and gas meters, new windows with aluminum capping, and new foundation! Live in one unit and rent the others- or have all units rented and generate income! The 2 bedroom units can be rented for $1200/month and 4 bedroom unit can be rented for $2000/month. This property is located right near the Sovereign Avenue School & very close to Stockton University. Walking distance from the beach, great shopping, and plenty of bars and restaurants! Call today for more information. Property being sold "as is".

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-01-23T21:49:49.543.
www.theoceansiderealtyteam.com/homes/123972844
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20 N Sovereign Atlantic City, NJ 08401

  • Price: $539,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 64 min ago
  • MLS #: 558095
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
Investor alert! Great opportunity to purchase a 4 unit multi-family property in Atlantic City. 3 of the 4 units were just recently completely remodeled and renovated. On the lower level of this property, there are two brand new 2 bedroom, 1 bathroom units. On the main level, this unit includes 4 spacious bedrooms and 1 full bathroom. Currently only unit D (on the top floor) is occupied with tenants with a one year lease. Units A, B, C currently vacant as the renovations were just complete. There is a shared laundry room on the ground floor in the rear of the property. Some of the newest upgrades on this property include new roof (with a 20 year warranty), new electric (with a 1 year warranty), new plumbing (with a 1 year warranty), new tankless water heater, all new separate electric and gas meters, new windows with aluminum capping, and new foundation! Live in one unit and rent the others- or have all units rented and generate income! The 2 bedroom units can be rented for $1200/month and 4 bedroom unit can be rented for $2000/month. This property is located right near the Sovereign Avenue School & very close to Stockton University. Walking distance from the beach, great shopping, and plenty of bars and restaurants! Call today for more information. Property being sold "as is".
Exterior Features

Garage None Lot Dimensions 33X100 Parking None

Interior Features

Heating Gas-Natural Water Heater Gas

Property Features

Age Range 25+ Years Approved Short Sale No Auction YN No Bank Owned Foreclosure No May Be Subject To Third Party Approval Short Sale No Multifamily Type 4 - 10 Units Number Of2 Bedroom Units 3 Number Of4 Bedroom Units 1 Sale Or Rent For Sale Separate Meters ElectricGas Sewer Public Sewer Tax Year 2021 Taxes 8188 Water Public

Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Farley And Ferry Realty, INC.


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-01-23T21:49:49.543.
 
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