For Sale 29 Texas, Atlantic City, NJ, 08401

This is a great investment opportunity for a recently renovated multi-property that was made available a few months before the tenants moved in. It is a four-unit building that is currently 100% occupied. There is one four-bedroom unit, one two-bedroom unit, and two one-bedroom units, all with separate electric meters. The tenants are great and have been keeping up-to-date with their rent payments. The location is superb, with easy access to dining, shopping, and cultural centers that provide all necessary amenities within reach. The property is also conveniently located just a block away from the famous casinos and beaches of Atlantic City. It is being sold \"As Is\" and has a gross income of $6,050 per month. The property has been appraised for $460,000 in its current condition, and the appraisal report is attached in the MLS documents. Please note that showings are available by appointment only. To schedule a showing, kindly contact the listing agent.

This property is a Triplex with 3 apartments and a less then 2 blocks from the beach. The first floor is a 2 bedroom with spacious living room and kitchen. The second floor is a 1 bedroom apartment with spacious living and kitchen. .the third floor has a 2 bedroom apartment. There is a full basement as well. The first and second floor apartments are occupied. This a Great investment!

Welcome to 101 S Texas, nestled in the heart of the Monopoly-inspired district, where investment opportunities abound. This triplex offers a unique blend of one commercial and two residential units, promising versatility and potential for lucrative returns. Imagine stepping into the Monopoly board and joining the vibrant community of investors and buyers by the beach and boardwalk. The 800 sqft commercial space presents a blank canvas, waiting for the visionary touch of its new owner. Contact CRDA to explore the multitude of acceptable uses and let your imagination run wild. Currently, the second-floor residential unit enjoys stable tenancy, with a long-standing tenant of 13 years paying $7,200 annually on a month-to-month basis, demonstrating reliability and consistency. Meanwhile, the third-floor unit stands poised for rental, offering flexible leasing options, including short-term rentals, in an area ripe with income potential. Experience city living at its finest with two balconies overlooking Atlantic City, creating an ambiance that captures the essence of urban life. With separate electric and gas meters, the property offers convenience and autonomy to its occupants. Adjacent to the property, facing Pacific Ave, lies a maintained lot, cared for by the owners of neighboring Monopoly properties, enhancing the overall appeal and aesthetic of the area. Sold in \"as is, where is condition,\" with municipal certificates to be completed by the buyer, this property invites you to become part of the legendary game of Monopoly and the excitement of this thriving neighborhood. Don\'t miss your chance to be a player in this iconic district – seize the opportunity and make your mark on the Monopoly board today!