12 S Florida Ave, Atlantic City, NJ 08401

Local realty services provided by:Better Homes and Gardens Real Estate Maturo
12 S Florida Ave,Atlantic City, NJ 08401
$350,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: silvette rivera
Office: weichert realtors asbury group-ac
MLS#:603581
Source:NJ_SJSRMLS

Price summary

  • Price:$350,000

About this home

16.60% CAP RATE! Calling all investors—don’t miss this exceptional opportunity to own a high-performing 5-family income property located just steps from Caesars and Tropicana Casinos and only 1.5 blocks from the beach and boardwalk. This fully tenanted property generates $97,200.00 in gross annual income with expenses of $39,089.80, resulting in an impressive $58,110.20 net annual income and immediate cash flow. All tenants are current and paying on time. Land Use CO approved for 5 units. Prime Atlantic City location near casinos, beach, boardwalk, dining, entertainment, and public transportation. Property is being sold AS-IS. Buyer responsible for all required certifications and C/Os. Inspections are for informational purposes only. A rare opportunity for investors seeking strong returns in a high-demand location.

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Home facts

  • Listing ID #:603581
  • Added:41 day(s) ago
  • Updated:February 19, 2026 at 04:02 PM

Heating and cooling

  • Heating:Gas-Natural

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$350,000
  • Tax amount:$6,693 (2026)

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