Description
16.60% CAP RATE! Calling all investors—don’t miss this exceptional opportunity to own a high-performing 5-family income property located just steps from Caesars and Tropicana Casinos and only 1.5 blocks from the beach and boardwalk. This fully tenanted property generates $97,200.00 in gross annual income with expenses of $39,089.80, resulting in an impressive $58,110.20 net annual income and immediate cash flow. All tenants are current and paying on time. Land Use CO approved for 5 units. Prime Atlantic City location near casinos, beach, boardwalk, dining, entertainment, and public transportation. Property is being sold AS-IS. Buyer responsible for all required certifications and C/Os. Inspections are for informational purposes only. A rare opportunity for investors seeking strong returns in a high-demand location.
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School Ratings & Info
Description
16.60% CAP RATE! Calling all investors—don’t miss this exceptional opportunity to own a high-performing 5-family income property located just steps from Caesars and Tropicana Casinos and only 1.5 blocks from the beach and boardwalk. This fully tenanted property generates $97,200.00 in gross annual income with expenses of $39,089.80, resulting in an impressive $58,110.20 net annual income and immediate cash flow. All tenants are current and paying on time. Land Use CO approved for 5 units. Prime Atlantic City location near casinos, beach, boardwalk, dining, entertainment, and public transportation. Property is being sold AS-IS. Buyer responsible for all required certifications and C/Os. Inspections are for informational purposes only. A rare opportunity for investors seeking strong returns in a high-demand location.
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Listing information © 2026 South Jersey Shore Regional MLS.