30 N Florida Avenue

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30 N Florida 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 for sale in Atlantic City
  • Property features two separate residential units
  • Located at 30 N Florida Avenue zip 08401
  • Suitable for residential investors seeking rental income
  • Well positioned within the Atlantic City market

What's Special

This multifamily property at 30 N Florida Avenue in Atlantic City, New Jersey, is currently available for sale and represents a functional asset for investors looking to expand their residential portfolio. The building consists of two distinct units, providing a manageable configuration for those entering the market or seeking to augment existing holdings in this coastal municipality. Atlantic City maintains a consistent demand for housing driven by its established tourism, gaming, and hospitality sectors. The surrounding submarket benefits from proximity to major transit corridors and the regional economic activity centered along the Jersey Shore. Prospective buyers may find this apartment building suitable for long-term rental income strategies or value-add repositioning within the urban core. The property serves as a building block for small-scale residential investment in a prominent regional hub.

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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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