Serving the Greater Philadelphia Region & Jersey Shore
Courtesy of: Compass New Jersey, LLC
Days On Market: 68
Year Build: 1900
Address: 204 ATLANTIC ST
State: New Jersey
INVESTOR ALERT! Commercial Rooming House with 13 units. This property features 13 unique units, an onsite House Manager and recently approve DCA inspection.
#1- #4 are efficiencies with kitchenette and full bath (unit #2 is the House Manager Unit)
#5, #7, #9 and #12- single room with half bath, also shares common full bath
#6, #8 and #14- single room with sink, shares common full bath
#11 and #12- detached from main building, efficiency with full bath
Laundry is available in the basement. Most units are partially furnished. Landlord pays all utilities.
Most units are occupied currently and more than half of the units have been update within the last year. While in good condition, with all required inspections passed on the city, state and fire levels, this property will sell As-Is with the Buyer responsible for any required City Certs. Pro Forma is attached. Also listed as a Commercial listing under MLS#NJCB2007186 and as Residential under MLS#NJCB2007770
Annual Operating Income & Expense is attached and Net Income is $55,045:
Courtesy of: Compass New Jersey, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd October, 2022 7:42 AM (UTC)
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