2518 Pacific Ave Atlantic City, NJ 08401

$150,000
2518 Pacific Ave, Atlantic City, NJ 08401

Multi-Family Home for sale in Atlantic City, NJ

for $150,000. This home was built in 1913 on a lot size of 20x38.

Property Information

  • $150,000
  • Multi-Family
  • Other / Unknown
  • Active
  • Lot size of 20x38
  • Built in 1913
  • Atlantic City, NJ
  • Chelsea Neighborhood
  • Atlantic County
  • MLS/Web ID is 473944

Description

Business and Apartment. Bed & Breakfast/Guest House. (No Breakfast) Located on Beach block in the center of AC. Great location ! One block away from the Boardwalk and beach and 2 blocks away from the casinos. 4 bed shared rooms ( 4 beds in a room ). Shared bathrooms and equipped kitchen, Living room and outdoor space . offers wifi - towels -lockers, No Breakfast. A hostel setting . Owner lives in Brooklyn and must sell . Will sell As Is... Owner, initially will teach and work with Buyer for 3 months to teach the business then will continue to set bookings/reservations to keep the rooms filled on a small percentage basis until not needed. Currently a Rooming/Guest house rented through 7 bedrooms have 16 beds each bed rents out for $28.00 per night. 1 bedroom has a Double Bed. 50.00 1 Kitchen and 2 full baths As of June 9th 2016, income $13107. Sept 2016 income received thus far for advance bookings $2224 As is...Bring all offers Will Consider Holding Partial Mortgage. Rooming House 8 bedrooms 4 beds in each bedroom $28.00a day per bed .

Interior 7

Appliances

  • Electric Stove
  • Microwave

Cooling System

  • Window Unit(s)

Flooring

  • Rug(s)

Heating System

  • Hot Water Heater: Electric
  • None / Unknown

Interior

  • Window Treatments

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Furnished

  • Yes

Separate Utilities

  • Electric Meters

Siding

  • Brick

Miscellaneous 1

Other

  • Storms/Screens

Rental 1

Lease Terms

  • Weekly

† Excluded Feature

Listed By

Listing Agent: Gerard Barker
Broker: Atlantic City - WEICHERT, REALTORS® - The Asbury Group

2518 Pacific Ave, Atlantic City, NJ, 08401 is a Multi-Family Home for sale at $150,000 with a lot size of 20x38. 2518 Pacific Ave was built in 1913. The property's zip code is 08401 which is in Atlantic City, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Atlantic City $318,237 112 % above $180,000 20 % above
Multi-family listings in Atlantic City $324,990 117 % above $229,000 53 % above
Sold listings in Atlantic City $92,825 38 % below $74,500 50 % below

Get the facts about Atlantic City, NJ!

Population 41,199
Population Growth (since 2000) 2 %
Median Income $31,217
Median Age 35.41
Households w/ Children 35 %

Residential Dwellings

  • Owned 4282
  • Vacant 4413
  • Rented 11483

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or Call us at 1-800-839-1363