1 S Delancy Place Atlantic City, NJ ^$ 1,000,000

1 S Delancy Place

^$ 1,000,000

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1 S Delancy Place

Atlantic City, NJ, 08401

^$ 1,000,000

Bedrooms7 Baths0.0

Monthly Estimate*

^$ 6,646

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Multi-Family Home for sale in Atlantic City, NJ

for $1,000,000 with 7 bedrooms. This home was built in 1930 on a lot size of 0.06.

Atlantic City 6 unit money maker consisting of an ultra luxurious 2 bedroom that is currently rented via AirBNB and netted $30,000 in less than a full year of operations! With the 5 star reviews, we anticipate revenue to increase every year...OR use this swanky pad as an owners unit or vacation getaway! Of the remaining units, 3 have been recently renovated, and 2 are clean and solid but can be renovated to increase rents! ALL of the units are under market rents, making this an amazing VALUE ADD investment! Perfect Chelsea Heights Atlantic City location, under 2 blocks to the Beach at Bartram's Garden with a gorgeous grass area and restrooms...A few blocks to the bay, a short walk to Stockton College, the renowned Knife and Fork Inn and Restaurant, and a quick shot to everything that Atlantic City, Ventnor, Margate and Longport have to offer! Snatch this one up before someone else does!

Multi-Family Active

Price

^$ 1,000,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 9,625

Style

A-Frame

Lot Size

0.06

Year Built

1930

Town/City

Atlantic City

County/Region

Atlantic

MLS | Web ID

NJAC2012292

Features

Interior

Heating Fuel Central

Flooring Luxury Vinyl Plank

Hot Water Electric

Furnished Units Some

Basement (Y/N) N

Heating Y/N Y

Fireplace Y/N N

Street Suffix PLACE

Central Air Y/N Y

General

Sewer Public Sewer

Heating Central

Cooling Central A/C

Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD

Roof Shingle

Zoning R-2

Pool Y/N No Pool

Architectural Style A-Frame

Construction Materials Frame

Year Built 1930

View Ocean

Property SubType Other

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Natural Gas

Municipality ATLANTIC CITY

Accessibility None

County ATLANTIC

Net Operating Income 72350.00

New Construction N

Property Type Multi-Family

Subdivision Name ATLANTIC CITY

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Total Rooms 7

Status ACTIVE

Directions Use GPS

City ATLANTIC CITY

Buyer Agent Compensation 2.5

Disclosures Agent has Financial Interest Owner RE Licensee

Total Units 4

MLS Area Atlantic City (20102)

Lot Size Square Feet 2400.00

Waterfront Y/N N

Number of Units Leased 6

Street Name DELANCY

Tax Annual Amount 9625.0

Property Condition Very Good

Two Bedroom 1

Structure Type Detached

Price Per Sq Ft 256.41

Historic Y/N N

Rent Control Y/N N

Vacation Rental Y/N N

Days on Market 2

Standard Status Active

Year Built Source Assessor

Tax Lot 00001

Total Actual Rent 88800.00

Cap Rate 7.25

Buyer Agent Compensation Type % Of Gross

Association Recreation Fee N

Exterior

Water Source Public

Type of Parking On Street

Foundation Details Block

Water View Y/N Y

Lot Dimensions 32.00 x 75.00

Lot Size Acres 0.06

Lot Size Units Square Feet

Lot Size Source Assessor

Land Assessed Value 60000.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 1

* Excluded Features

List By

Real Of Pennsylvania

Broker

richlauletta@gmail.com

Affordability Calculator

$7,448

Per Month

Monthly Principal & Interest: $6,646
Monthly Property Taxes: $802
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Atlantic City, NJ

Average List Price ^$654,441

Percent of Sale Price 35%

About Atlantic City, NJ

37,544 Population

-7% Since 2002

^$27,773 Median Income

38.18 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3534335 Elementary School

3534506 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$1,000,000		Listed Price

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1 S Delancy Place, Atlantic City, NJ, 08401 is a Multi-Family Home for sale at $1,000,000 with a lot size of 0.06. 1 S Delancy Place has 7 bedrooms, 0.0 baths, and was built in 1930. The property's zip code is 08401 which is in Atlantic City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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1 S Delancy Place

Multi-Family Home for sale in Atlantic City, NJ

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