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$ 1,700,000
Est. payment | /mo
17 Beds
11,148 SqFt
$ 1,700,000
Est. payment | /mo
17 Beds
11,148 SqFt
Key Details
Property Type Multi-Family
Sub Type 11 - 20 Units
Listing Status Active
Purchase Type For Sale
Square Footage 11,148 sqft
Price per Sqft $152
MLS Listing ID 613566
Bedrooms 17
Annual Tax Amount $13,000
Tax Year 2026
Lot Size 0.256 Acres
Property Sub-Type 11 - 20 Units
Property Description
Development Opportunity in Atlantic City – RM-2 Zoning | Income-Producing Portfolio with Approved Project and Build-able Lots An exceptional development opportunity in Atlantic City, located in an RM-2 zoning district and offering both current rental income and future development potential. The portfolio includes three buildings and three additional develop-able lots, with the option to purchase the entire package or individual properties. 819–821 Baltic Avenue consists of two occupied, income-producing buildings with five total rental units. 819 Baltic contains two one-bedroom, one-bathroom units, while 821 Baltic contains three two-bedroom, one-bathroom units. All units are currently rented, providing immediate income. 811 Baltic Avenue is an approved, started development project with permitted and approved plans, offering a buyer the opportunity to continue an already-approved construction project. The sale also includes three build-able lots, providing additional development potential in the RM-2 zone. This offering may be purchased as a complete package or separately, making it ideal for investors, developers, or buyers seeking a combination of existing income and future growth. Buyer to independently verify all zoning, permitted uses, development potential, permits, approved plans, rental income, and property details with the City of Atlantic City.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Corner,See Remarks
Rooms
Basement Crawl Space
Interior
Heating Baseboard, See Remarks
Exterior
Exterior Feature Aluminum, Brick, Stucco, Vinyl
Parking Features One Car, Detached Garage
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by KELLER WILLIAMS REALTY ATLANTIC SHORE-Little Egg Harbor
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