For Sale 2243 Arctic Ave, Atlantic City, NJ, 08401

Legal 6 units!!!  Phenomenal location across from Tanger outlets and Arts Garage.  Designated Arts and Tourism district with iconic White House subs and Angelo\'s Fairmount Tavern at each corner.  Close to Train and bus terminals, hospital, Casinos & more.  92 walk Score.  A Walker’s Paradise.  All units 1 Bedroom, 1 Bath.  Rental income is projected at 100% occupancy.  Rear unit is vacant and in need of renovation with projected rent at $1,100/month.   All other units may require minor upgrading but are in good condition with Certificates of occupancy.  Last unit rented for $995/month.  Upgraded units could easily rent for $1,100/month.  Tenants pay electric and heat (electric baseboard).  Expenses are actual and provided by the Seller.  Property has rear yard with shed that can be renovated to include coin op washer & dryer.  Building is being sold AS-IS.

Opportunity is knocking!! One of a kind -a rare gem- is now being offered for the first time in Atlantic City. Be a part of the DUCKTOWN revitalization. Now is the time to invest in a spectacular venue for the performing arts! This property has an awesome history in the heart of Atlantic City and with new vision can be the future! Dante Hall has served the community well being the only non casino venue on the island! This fabulous building has been remodeled and updated, and offers so much space, the sky is the limit! Centrally located, close to Tanger Outlets, The Arts Garage, fine dining, 2 blocks to the beach. A must see!

2 lots sided by side. Lots must be sold together. The full property is about 5000 ft with 2 entry-ramps both sides of the Street. The property is 2 blocks from the boardwalk and 2 minutes away from the expressway and shopping center. This property is also a great investment opportunity and is in the green zone for Cannabis.