12 S Florida Ave, Atlantic City, NJ 08401
- $350,000
- Sold Price
- $350,000
- List Price
- $350,000
- Closing Date
- Feb 25, 2026
- MLS#
- 603581
- Status
- SOLD-IN HOUSE
- Region
- Atlantic City
- City
- Atlantic City
Property Description
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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Additional Information
- Lot Dimensions
- 25x90
- Appliances
- Electric Stove, Gas Stove, Refrigerator, Self Cleaning Oven
- Heating
- Gas-Natural
- Exterior Features
- Curbs, Deck, Fenced Yard, Porch, Sidewalks
- Parking Description
- None
- Water
- Public
Mortgage Calculator
Listing courtesy of WEICHERT REALTORS ASBURY GROUP-AC. Selling Office: .
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than Berger Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed accurate but not guaranteed.
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