3536 Pacific Avenue

Atlantic City, NJ 08401

$1,599,000
Price
Beds
7,055 Sq. Ft.
$227 / Sq. Ft.
7,055
Sq. Ft.
$227
per Sq. Ft.

Description

Investment Opportunity: 100% Occupied Multifamily Property This well-maintained property boasts great yearly income and is fully occupied. Significant upgrades have been made to enhance both aesthetics and functionality, including modernized hallways and common areas featuring new ceiling lights, fire exit lights, and a comprehensive camera system. The building also features a new 20-year roof with updated metal and drainage systems. With an impressive cap rate, this property is a strong contender...Investment Opportunity: 100% Occupied Multifamily Property This well-maintained property boasts great yearly income and is fully occupied. Significant upgrades have been made to enhance both aesthetics and functionality, including modernized hallways and common areas featuring new ceiling lights, fire exit lights, and a comprehensive camera system. The building also features a new 20-year roof with updated metal and drainage systems. With an impressive cap rate, this property is a strong contender in today’s market. Please see the enclosed income and expense statements. Ideally located on Pacific Avenue, this property benefits from proximity to the new buildings of Stockton University, oceanfront condominiums, and the renowned Knife and Fork restaurant, ensuring easy access to key attractions and major entryways.
  1. Listed by Mary Lou Ferry Wimmer • FARLEY and FERRY REALTY, INC
  2. Listed by ANDI SINDERBRAND • FARLEY and FERRY REALTY, INC

Property Details for 3536 Pacific Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
None
Waterfront (Y/N)
No
LISTING UPDATED: 10/09/2024 03:43 PM

Property Details for 3536 Pacific Avenue

StatusActive
MLS #589789
Days on Market29
Taxes$19,331 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 11 - 20 Units
Year Built1930
Lot Size0.11 AC / 5,000 SF
CountyAtlantic County

Building Information for 3536 Pacific Avenue

Stories-Residences14Year Built1930Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 3536 Pacific Avenue

Summary
Location and General Information
  • Address: 3536 Pacific Ave
  • Address Number: 3536
  • Address Search Number: 3536
  • Address Street: Pacific
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Pacific Ave in between Hartford Ave and Albany Blvd.
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Zip: 08406
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 10-07-2024
  • Tax Year: 2024
  • Taxes: 19331
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 7055
  • Block #: 22
  • Lot #: 2
  • Lot Dimensions: 50x100
Property and Assessments
  • Associated Document Count: 2
  • Doc Timestamp: 10-09-2024
  • Improved Value: $350,000
  • Land Value: $210,000
  • New Construction: No
  • Total Assessment: 560000
  • Water: Public
  • Year Built: 1930
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Interior Features
  • Air Conditioning: Window Units
  • Heating: Radiator
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 8
  • # of 2 Bedroom Units: 2
  • # of 3 Bedroom Units: 0
  • # of 4 Bedroom Units: 0
  • # Of Efficiency Units: 4
  • Annual Electric: 2764
  • Annual Electric (O/T): Tenant
  • Annual Insurance: 7200
  • Annual Insurance (O/T): Owner
  • Annual Sewer: 5424
  • Annual Sewer (O/T): Owner
  • Annual Taxes: 19331
  • Annual Taxes (O/T): Owner
  • Annual Water: 3890
  • Limited Service (Y/N): No
  • Number Of Units: 14
  • Rental Information: Lease Required, Yearly
  • Separate Meters: Electric
  • Total Expense: 50968
  • Total Income: 170609
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 0
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 0
Unit 5
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 0
Unit 6
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 0

Property History for 3536 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3536 Pacific Avenue

Taxable ValueLand$210,000Additions$350,000Total$560,000
Tax Record2023$19,964 ($1,664 / month)
Home Facts
Total Finished SqFt7,055 SqFtAbove Grade Finished SqFt7,055 SqFtStories2Lot Size5,001 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningGRACountyATLANTICAPN02 00022-0000-00002

Schools near 3536 Pacific Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Richmond Avenue Elementary School
PublicPK to 8

Atlantic City High School
Public9 to 12

Our Lady Star Of The Sea Regional
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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3536 Pacific Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on October 7, 2024 by FARLEY and FERRY REALTY, INC, it's currently listed at $1,599,000. It has been on the market for a total of 29 days and was last sold on December 10, 2020. This listing's school district is Atlantic City Public School District. Nearby schools include Richmond Avenue Elementary School, Atlantic City High School and Our Lady Star Of The Sea Regional. 3536 Pacific Avenue is a 0-bed, 0-bath, 7,055 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of FARLEY and FERRY REALTY, INC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.