Property
Atlantic City, NJ 08401 2801 Arctic Ave
$499,000
10 more
Presented By: COLDWELL BANKER REALTY; 973-856-3749
Beds • 5
Full/Half Baths • 2 / 1
SQFT • 3,220
Home Details
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!
Presented By: COLDWELL BANKER REALTY; 973-856-3749
Interior Features for 2801 Arctic Ave
Bedrooms
Total Bedrooms5
Unit 1 Beds Total0
Unit 2 Beds Total3
Unit 3 Beds Total2
Bathrooms
Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft1000
Unit 2 Sq Ft1000
Unit 3 Sq Ft1000
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent2800
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCeiling Fan(s), Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCeiling Fan(s), Range/Oven - Electric, Refrigerator, Smoke Detector
Unit 3 Appl/EquipSmoke Detector
Fuel TypeElectric, Gas-Natural
Interior AmenitiesFire Extinguisher, See Remarks, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms2
Unit 3 Rooms4
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionKitchen, Storage, Utility Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living Room, Master Bedroom
General for 2801 Arctic Ave
Architectural Style3-Three Story, See Remarks
CoolingCeiling Fan, Window A/C(s)
CountyAtlantic
DirectionsKeep left on GSPkwy S, Exit 38A to Atlantic City Expy E, Right on Fairmount Ave, Left on N Brighton Ave, Left on Arctic Ave to 2801 Arctic Ave
DriveOn-Street Parking
EasementUnknown
Farm AssessmentNo
Full Baths2
GarageOn-Street Parking
Gross Income33600
Heating3 Units, See Remarks
Home Warranty Y/NNo
Net Operating Income21265
Number Of Units Total3
Open Parking Spaces
Operating Expense12335
PossessionAt Closing
RoofFlat, See Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6886
Tax Assessed Value199500
Tax Lot62
Tax Year2024
Total Rooms11
Town #1002
TownshipAtlantic City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1965
ZoningNC-1
Exterior for 2801 Arctic Ave
Building Area Total3220
Exterior AmenitiesCurbs, Sidewalk
Exterior DescriptionConcBrd, SeeRem
Lot Dimensions18.1X61
Lot FeaturesCorner
Lot Size Acres0.03
Water SourcePublic Water
Additional Details
Price History
Aneesa Pinheiro
Associate