31 N Jackson Avenue

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31 N Jackson 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).

  • Two-unit apartment building located in Atlantic City
  • Asset type classified as a multifamily residential property
  • Located at the address of 31 N Jackson Avenue
  • Property situated within the 08401 zip code area
  • Suited for long-term residential or seasonal rental strategies

What's Special

The apartment building at 31 N Jackson Avenue in Atlantic City consists of two units. Situated in a coastal market known for its tourism-driven economy and long-standing presence as a regional entertainment hub, this property functions as an entry-level investment within the New Jersey market. The location benefits from proximity to major boardwalk attractions and local transportation arteries that connect the barrier island to the broader mainland. Potential investors can utilize this asset for a variety of multifamily strategies, including long-term residential rentals or seasonal housing for those drawn to the area’s active workforce. The structure provides a straightforward footprint for management within a densely populated urban setting. As Atlantic City continues to undergo redevelopment initiatives, residential properties of this scale remain essential for maintaining the local housing supply for residents and employees working throughout the district.

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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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