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129 S Kingston

Atlantic City, NJ 08401
  • $899,900
  • STATUS: Active Under Contract
  • ON SITE: 10 Days
  • MLS #: 564408
Under Contract
UPDATED: 67 min ago
$899,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Tons of opportunity on an amazing beach block in Atlantic City! Large multifamily building with excellent rental history. Zoned for a variety of different potential uses. Seller has maintained this historic hotel building well and invested in the infrastructure. Newer plumbing, boiler, roof and more. Valid current state inspection, no outstanding issues. Bring your vision to life with this incredible property convert to an amazing boutique hotel, AirBnB/short term rentals, student housing, summer rentals anything is possible. 9.32% cap-rate currently. Sold as-is. Located about mile from Stockton Universitys AC campus. Coin-op onsite. Seller may consider holding financing for qualified buyers.

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-07-04T07:49:53.63.
www.oceancitynewjerseyhomes.com/homes/130204727
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129 S Kingston Atlantic City, NJ 08401

  • Price: $899,900
  • Status: Active Under Contract
  • On Site: 10 Days
  • Updated: 67 min ago
  • MLS #: 564408
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
Tons of opportunity on an amazing beach block in Atlantic City! Large multifamily building with excellent rental history. Zoned for a variety of different potential uses. Seller has maintained this historic hotel building well and invested in the infrastructure. Newer plumbing, boiler, roof and more. Valid current state inspection, no outstanding issues. Bring your vision to life with this incredible property convert to an amazing boutique hotel, AirBnB/short term rentals, student housing, summer rentals anything is possible. 9.32% cap-rate currently. Sold as-is. Located about mile from Stockton Universitys AC campus. Coin-op onsite. Seller may consider holding financing for qualified buyers.
Exterior Features

Garage None Location Beach BlockBoardwalk AreaWater View Lot Dimensions 39X82.5 Outside Features Beach AccessBoardwalk AccessOcean ViewPorch Parking None Siding Exterior Vinyl

Interior Features

Air Conditioning Window Units Basement Partially Finished Heating OilRadiatorTank in Basement Water Heater Gas

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No May Be Subject To Third Party Approval Short Sale No Multifamily Type 11 - 20 Units New Construction No Number Of Efficiency Units 10 Number Of1 Bedroom Units 2 Number Of3 Bedroom Units 1 Rental Information See RemarksYearly Sale Or Rent For Sale Sewer Public Sewer Suitable For Bed And BreakfastOther (See Remarks)Rooming House Tax Year 2022 Taxes 13263 Water Public

South Jersey Shore Regional MLS logo Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Keller Williams Realty Jersey Shore-Margate.


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-07-04T07:49:53.63.
 
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