106 S Texas Avenue

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106 S Texas Avenue

Atlantic City, NJ 08401
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset featuring two individual apartment units
  • Located on South Texas Avenue in Atlantic City
  • Positioned within a busy coastal New Jersey market
  • Suitable for long-term residential rental investment strategies
  • Strategically situated near regional transit and economic hubs

What's Special

This multifamily apartment building at 106 S Texas Avenue in Atlantic City provides two residential units. Atlantic City maintains a unique coastal economic profile, supported by its established tourism, gaming, and hospitality sectors. The property is situated within a regional market known for its accessibility to major transportation corridors and a steady demand for workforce housing options. Investors seeking to capitalize on urban residential demand may find this asset suitable for long-term rental income strategies or value-add repositioning. The layout and unit count offer functional utility for residential management in this historic shore market. Prospective buyers can leverage the location to serve local commuters and service industry professionals who rely on the density and connectivity of the city environment. This asset presents a clear opportunity to acquire a tangible residential holding in a well-trafficked corridor of the New Jersey coast.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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