For Sale 803 Penrose Rd, Atlantic City, NJ, 08401

Buyers are solely responsible for all due diligence and certifications with the City of Atlantic City. This includes: confirming the exact lot size, verifying permitted R-3 uses, understanding all building requirements and setbacks, investigating utility connections, and securing all necessary permits and approvals for their intended project. Contact the City\'s Planning & Development Department (609-347-5404) and Licensing & Inspection (609-347-5290) for all inquiries. This is an excellent opportunity for a buyer prepared to conduct thorough research and adhere to all city regulations to develop a residential property.

INVESTOR ALERT - FIX N FLIP- or REHAB & RENT this 3 Bedroom, 2 story, Single Family detached fixer upper with super LOW taxes!! Cash purchases, hard money loans only. Property has an enclosed front porch and an enclosed rear storage. A galley style kitchen, and an open floor plan living/dining area. Upstairs are 3 big bedrooms and a full bathroom. Property had hot water radiators for heating and ceiling fans for AC. Fixed up this property should rent for about 27,000 annually in today\'s rental market. A proforma & CO Waiver is available upon request for those interested in rehabbing and renting this property. Street parking only and there is plenty of it around, Located near the MLK Primary School &Easily accesible from main roads like MLK Blvd, Indiana Ave, Ohio Ave, AC Expressway and Route 30, WHP. Close to the newly renovated PopLlyod Stadium and Venice Park. Less then five minute drive to \"The Walk\" at the renowned Tanger Outlets shopping Center, Bass ProShops,Dave & Busters, Boardwalk Hall, AC Convention Center, 5 star Fine Dining and Night life establishments, The Absecon Light house, HistoricGardners Basin, The Newly Renovated AC Aquarium, Back Bay Ale House, Gilchrest, Little Water Distillery, Westacunk Axe Throwing,The Seed Brewery, Borgata, Harrahs, Golden Nugget, Farley Marina, Ocean Casino, Hard rock, Steel Pier, Showboat, Island Indoor Water Park,Resorts, Margaritaville, & 10 minute drive to either Brigantine or the Brand New Stockton Universitys Island Campus, and lets not forgot the worlds most famous Beach and Boardwalk!

Ready to build! This flat, buildable residential lot comes with public water and sewer already connected — saving time and development costs. Located in a growing area of Atlantic City,with convenient access to major roads, shopping, and local amenities. This property is ideal for a custom home or investment project. A rare opportunity to secure a buildable ready lot with utilities in place.