Property Attributes
- MLS#NJAC2011280
- TypeCommercial
- CountyATLANTIC
- CityBrigantine
- AreaBrigantine City
- Zip08203
- StyleApartment Building
- Year Built1966
- Taxes$ 8351
- Price$ 1,599,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Bright MLS
Property Description
Welcome to an exciting opportunity to own a multi-family property with endless potential for a savvy investor like you. This charming and well-maintained building with six spacious units is waiting for you to make it your own. All tenants are month-to-month, leaving you with the flexibility to renovate or convert the units to your liking. The property is currently generating $80k, but with some rents not being aligned with market value, there is plenty of room for growth. As an investor, you have the potential to increase revenue and maximize profits by adjusting rents or converting the units to condominiums. Located in the heart of town, with off-street parking, the property is surrounded by local shopping and dining options that are sure to please your tenants. Additionally, the property's proximity to the beach provides an opportunity for residents to enjoy a beach-centric lifestyle and enhance their overall quality of life. Investing in this property means investing in a prime location and a significant opportunity for substantial returns. With a little bit of creativity and effort, you can turn this property into a profitable investment that meets your unique needs and style. Don't wait to take advantage of this rare opportunity to own a multi-family property with endless potential. Buyers are responsible for all due diligence with the city for zoning and approvals. The front bottom unit is zoned commercial***Crossed listed with MLS 581780
Price History | |
---|---|
2/7/2024 | Listed $1,599,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | Ceiling Fan(s),Central A/C,Multi Units,Window Unit(s) |
Possession | Settlement |
Roof | Shingle |
Zoning | B1 |
Construction Materials | Vinyl Siding,Stone |
Exclusions | Tenants person property |
Year Built | 1966 |
View | Street,Bay,Other |
Property SubType | Five Or More Units |
Tax Year | 2022 |
Percent Ownership | Other |
Cool Fuel | Other |
Business Type | Apartment Building |
Accessibility | None |
County | ATLANTIC |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Property Use | Investment |
Status | ACTIVE |
Directions | GPS |
ModificationTimestamp | 2024-02-07T13:32:43 |
City | BRIGANTINE |
Buyer Agent Compensation | 2.5 |
Disclosures | Flood Zone |
MLS Area | Brigantine City (20103) |
Tax Assessed Value | 480800.0 |
Waterfront Y/N | No |
Street Name | ATLANTIC BRIGANTINE |
Tax Annual Amount | 8351.0 |
Property Condition | Good |
Acceptable Financing | Cash,Conventional |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 84 |
Location Type | Business District |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 00008 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Carpet,Laminated,Vinyl |
Hot Water | Multi-tank,Natural Gas |
Heating Y/N | Yes |
Street Suffix | BOULEVARD |
Central Air Y/N | Yes |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 4 |
Type of Parking | Other,Driveway |
Foundation Details | Crawl Space |
Water View Y/N | Yes |
Building Area Total | 0.00 |
Lot Dimensions | 58.13 x 118.20 |
Road Surface Type | Alley |
Land Assessed Value | 288900.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Estimated |
Car Parking Spaces | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool