203 N S Carolina Ave
Property Description
Legal QuadPlex - INVESTOR ALERT - 13% Cap rate on this Triplex with the rights to ass or make into a fourth unit!! The commercial space is currently vacant. The second floor one bdrm apartment is leased out via Section 8 and big enough for a 3 person max limit on the CO by the city, the top two floors are currently vacant. The 3bdrm apartment is big enough for 7 people on the CO from the city. The residential units have open floor plans with plenty of natural sunlight from all the windows & nice panoramic views of the city all around the apartment. They feature gas cooking, Vynil Plank flooring throughout, and natural gas hot water baseboard heating. Located in close vicinity to City Hall, Tanger Outlets shopping, All Casinos including Tropicana and Ceasers Wild Wild West, 5 Star Dining, World Class Nightlife, Jersey Shore Beaches, World Famous Baordwalk, and the Atlantic Ocean! Close to Absecon Lighthouse, Gardners Basin, Back Bay Ale House, Gilchrest, AC Aquarium, Fishing Jettys & Peirs, Showboat & Waterpark, Borgata, Harrahs, Ocean Casino, Hardrock & Steel Peir, Resorts & Margaritaville, Golden Nugget & Farley Marina, the Little Water Distillery, Axe Throwing, and Seed Brewery! Street Parking Only. Convert back to the 4 unit and make an additiona $8000 P/Y or more!!
Broker Details
WEICHERT REALTORS ASBURY GROUP-AC 609-344-6200
MLS ID: 6801 State License Number: 0566410
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $340,000 |
| No. of Units: | 4 |
| Opportunity Zone: | No |
| Price per unit: | $85,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SJSRMLSNJ-606047
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