811 Baltic Ave
Property Description
Development Opportunity in Atlantic City - RM-2 Zoning | Income-Producing Portfolio with Approved Project and Build-able Lots An exceptional development opportunity in Atlantic City, located in an RM-2 zoning district and offering both current rental income and future development potential. The portfolio includes three buildings and three additional develop-able lots, with the option to purchase the entire package or individual properties. 819-821 Baltic Avenue consists of two occupied, income-producing buildings with five total rental units. 819 Baltic contains two one-bedroom, one-bathroom units, while 821 Baltic contains three two-bedroom, one-bathroom units. All units are currently rented, providing immediate income. 811 Baltic Avenue is an approved, started development project with permitted and approved plans, offering a buyer the opportunity to continue an already-approved construction project. The sale also includes three build-able lots, providing additional development potential in the RM-2 zone. This offering may be purchased as a complete package or separately, making it ideal for investors, developers, or buyers seeking a combination of existing income and future growth. Buyer to independently verify all zoning, permitted uses, development potential, permits, approved plans, rental income, and property details with the City of Atlantic City.
Broker Details
Keller Williams Realty Atlantic Shore (609) 839-7904
MLS ID: 5731 State License Number: 1649545
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,700,000 |
| No. of Units: | 17 |
| Opportunity Zone: | No |
| Price per unit: | $100,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 32 |
| Number of Bathrooms: | 0 |
ID: 3yd-SJSRMLSNJ-613566
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2209 Philadelphia Avenue
Northern Cambria, Pennsylvania
402 BILLINGSPORT
PAULSBORO, New Jersey
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout