2801 Arctic Ave
Atlantic City, NJ 08401
Price: $499,000
GSMLS: 3976547Type: Multi-Family
Style: 3-Three Story, See Remarks
Total Units: 3
Beds: 5
Baths: 2 Full & 1 Half
Garage: No
Year Built: 1965
Acres: 0.03
Property Tax: $6,886
Description
Prime Location Near Famous Casinos And The Boardwalk, Featuring A Restaurant, Employee Apartments, And Untapped Potential " A Triple-level Gem! This Is A Fantastic Opportunity For First-time Homebuyers To Live On The Third Floor And Rent Out The Other Two Levels To Potentially Cover The Mortgage, Or For Investors Seeking Strong Rental Income. The Ground Floor Houses A Well-established Restaurant Operating For Over Six Years, Adding Great Value. The Second Floor Is Now Vacant And Offers 3 Spacious Bedrooms And A Full Bath " Ideal For Rental Or Personal Use. The Third Floor Is Also Vacant, Boasting 2 Commodious Bedrooms, Generous Living Space, And A Full Bath. Property Is Being Sold Strictly In "as-is" Condition. Don't Miss This Income-generating Opportunity In A High-demand Area!
General Info
Style:
3-Three Story, See Remarks
SqFt Building:
3,220
Total Rooms:
11
Basement:
No
Interior:
Fire Extinguisher, See Remarks, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Roof:
Flat, See Remarks
Exterior:
ConcBrd,SeeRem
Lot Size:
18.1X61
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
2
Room Description:
Kitchen, Storage, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Ceiling Fan(s), Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Ceiling Fan(s), Range/Oven - Electric, Refrigerator, Smoke Detector
Utilities:
Owner Pays Electric
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Smoke Detector
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, See Remarks
Heating Fuel:
Electric, Gas-Natural
Cooling:
Ceiling Fan, Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Atlantic
Town:
Atlantic City
Neighborhood:
n/a
Financial Considerations
List Price:
$499,000
Tax Amount:
$6,886
Land Assessment:
$41,200
Build. Assessment:
$158,300
Total Assessment:
$199,500
Tax Rate:
3.45
Tax Year:
2024
Listing Information
MLS ID:
3976547
List Date:
07-20-2025
Days On Market:
20
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: GlenmontCommons.com
