322 N Tennessee Ave, Atlantic City, NJ 08401
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
322 N Tennessee Ave,Atlantic City, NJ 08401
$285,000
- - Beds
- - Baths
- 1,814 sq. ft.
- Multi-family
- Pending
Listed by: gerard (jerry) barker
Office: weichert realtors asbury group-ac
MLS#:604154
Source:NJ_SJSRMLS
Price summary
- Price:$285,000
- Price per sq. ft.:$157.11
About this home
Investor ALERT - 11.50% Cap Rate or Live in one unit and rent out the other to pay all the bills!!! Second Floor 2bdrm Apartment rented out for $1750 p/m. Ground floor unit is now vacant. Each unit was renovated & feature vynil plank flooring throughout, Natural Gas Cooking, Natural Gas hot water baseboard heating, eat in kitchens with decks, large living rooms, two large bedrooms, one full bathroom, & washer/dryer hook-ups. Outside there is plenty of parking in back of the property and along both Tennessee and Drexel Aves. Close to AC Expressway & Route 30 (White Horse Pike) for easy access in and out of the city. Close to NY Ave School, the AC Convention Center and the Outlets at the Tanger Walk shopping center. Two minute car ride to the Borgata, Harrahs, & Golden Nugget hotel and casinos, the Absecon Lighthouse, and of the course the Jersey Shore Beaches and the Worlds most famous Boardwalk! Double Digit cap rates, positive cash flow, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly! Live in one unit and rent out the other! First time home buyers may even qualify for up to $50,000.00 in Grant Money towards this purchase! Buy it now with about 5 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans may also be acceptable as well including FHA, VA, DSCR, and Conventional financing options. Income and Expenses available to qualified buyers. Hablo Espanol. Existing tenants pay their own gas and electric, and all forms of public transportation are available in the neighborhood. Income and Expenses available to qualified buyers....
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Home facts
- Listing ID #:604154
- Added:103 day(s) ago
- Updated:April 23, 2026 at 02:23 PM
Rooms and interior
- Kitchen Description:Gas Stove, Refrigerator, Self Cleaning Oven
- Living area:1,814 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas-Natural, Hot Water
Structure and exterior
- Building area:1,814 sq. ft.
- Construction Materials:Vinyl
- Exterior Features:Curbs, Deck, Sidewalks
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$285,000
- Price per sq. ft.:$157.11
- Tax amount:$5,641 (2026)
Parking
- Parking description:Three or More Cars
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