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Sold for $330,000 on 07/31/23
    • $330,000

    517 N Indiana Ave, Atlantic City, NJ 08401

    7beds
    --baths
    1,984sqft
    Triplex
    Built in 1900
    -- sqft lot
    $354,000 Zestimate®
    $166/sqft
    $1,798 Estimated rent

    What's special

    Great investment with amazing cash flow!! The property has been completely renovated in the past two years and has newer heating, plumbing, roof, electric, kitchen, bath, siding, and more. Tenant occupied (all tenants paying on time). One 2 BR unit is currently vacant as of 6.30.23. Features 3 conforming units, one -3br 2ba and two -2br1ba. All units are metered separately, have occupancy permits, and are in good condition. COCR ROI 17.63%, NOI $39,973, Cap rate 11.79%

    Zillow last checked: 7 hours ago

    Listing updated: July 31, 2023 at 12:56pm

    Listed by:

    Tracey Newmones 609-944-8809,

    EXP Realty, LLC

    Bought with:

    Michael J. Lerman, 2079026

    Realty Mark Advantage

    Source: Bright MLS,MLS#: NJAC2008244MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    Basement
    • Area: 0
    Heating
    • Baseboard, Natural Gas
    Cooling
    • Other
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,984
    • Total interior livable area: 1,984 sqft

    Property

    Parking
    • Parking features: Off Street
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1,385 sqft
    • Dimensions: 18.25 x 76.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 020051100007
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Other
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Atlantic City
    • Municipality: ATLANTIC CITY

    HOA & financial

    Other financial information
    • Total actual rent: 51564

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals
    • Ownership: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $354,000
    2% more+ $7,080
    With Zillow Showcase(estimated)
    $361,080

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