For Sale 7 Metropolitan, Atlantic City, NJ, 08401

**ATTENTION INVESTORS** Located in a prime area of Atlantic City, 325 Atlantic Ave is a fully renovated mixed-use commercial property offering an excellent investment opportunity. The building features three well-maintained residential apartments and a fully-leased commercial space on the first floor. Recent updates include a brand new roof and extensive renovations to all major systems within the past two years, minimizing future maintenance costs. The residential units consist of a 1-bedroom plus den, 1-bath apartment on the first floor, rented for $1,200/month; a 2-bedroom, 1-bath apartment on the second floor, rented for $1,450/month; and a 2-bedroom, 1-bath apartment on the third floor, rented for $1,400/month. All apartments are tenant-occupied, with each lease being month-to-month. The commercial space is leased to a 24/7 take-out restaurant for $2,000/month on a 5-year lease, with a 5% rent increase per year! With a total gross income of $72,600 and a net operating income (NOI) of $61,138, this property presents a solid 9% cap rate. The building’s operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and shared sewer/water costs totaling around $1,200/year. Additionally, electric and gas are separately metered for each unit, with tenants responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. It’s an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, income-generating asset in one of New Jersey’s most dynamic markets. Contact us today to schedule a private showing or for more information!

Here is a great opportunity to own a renovated multi-dwelling in an amazing location in Atlantic City. The property has a commercial space on the ground level and one rented studio apartment with a reliable tenant who pays $1150 per month. Additionally, the 2nd and 3rd floors have two fully renovated apartments with brand new bathrooms, kitchens, and appliances. The 2nd-floor unit is currently rented for $1650 per month, while the 3rd-floor unit is rented for $1500, a month-to-month lease, and available for showing with an appointment. The location is superb, with easy access to dining, shopping, and cultural centers, providing all necessary amenities within reach. It\'s just a block away from the famous casinos and beaches of Atlantic City. The whole building has views of the Absecon Lighthouse, the Ocean Casino, Hardrock, And Showboat, with a new Waterpark.

DEVELOPER/INVESTOR ALERT! This single lot is located at 12 N. Massachusetts and is 40’ x 100’. There are several lots available on this block all zoned RM-1, a multifamily district established primarily to foster family-oriented options. This is a prime area to build in this a fresh concept in this hot market with the boardwalk, Ocean Casino and beach right down the street and Gardner’s Basin/inlet nearby. Single lots for sale or any combination of multiple lots from Grammercy between N. Congress and N. Massachusetts. Call us for prior plans, we’ll layout the possibilities for you. Don’t miss this unique development opportunity!