This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
517 N Indiana Avenue, Atlantic City, NJ 08401
$330,000
517 N Indiana Avenue, Atlantic City, NJ 08401View this property at 517 N Indiana Avenue, Atlantic City, NJ 08401
517 N Indiana AvenueAtlantic CityNJ08401
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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%
Full Property Details
Full Property Details for 517 N Indiana Ave
General
- Sold For: $330,000
- Taxes: $4,509 (2022)
- Status: Closed
- Type: Triplex
- MLS ID: NJAC2008244
- Added to Site: 359 day(s) ago
Rental Information
- Rent Control: Yes
Parking
- Parking Type: Off Street
Location
- Area: Atlantic City (20102)
- Municipality: ATLANTIC CITY
- County: Atlantic
- Driving Directions: Atlantic Ave. to Indiana Ave. between Hummock Ave. and JJ Walters Ave
School Information
- School District: Atlantic City Schools
Heating & Cooling
- Cooling Type: Other
- Heating Type: Baseboard - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Side-by-Side
- Architectural Style: Side-by-Side
- Structure Type: Twin/Semi-Detached
- Construction: Other
- Foundation: Slab
- Stories/Levels: 0
- Square Feet: 1,984
- Sq. Ft. Source: Assessor
- Living Area: 1,984 Sq. Ft.
- Finished Above Grnd: 1,984 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,385
- Lot Size Source: Assessor
- Lot Dimensions: 18.25 x 76.00
- Zoning: R-1
Financial Considerations
- Price Per Sq. Ft.: $168.8
- Operating Expenses: $33,972
- Assessment Year: 2022
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $119,400
- Tax Amount: $4,509
- Tax Year: 2022
- Terms: Standard Sale
- Owner Pays: Sewer, Taxes - Real Estate, Water
- Landlord Pays: Sewer, Taxes - Real Estate, Water
- Tax Total Finished Sq. Ft.: 1984
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.75%
- Ownership: Fee Simple
- Lot Number: 7
Listed by EXP Realty, LLC, Georgeanna Tracey Newmones
Sold by Realty Mark Advantage, Michael J Lerman
Get Pre-Approved Today
Schools
Schools serving 517 N Indiana Ave
School District:Atlantic City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
411 N New York Ave, Atlantic City, NJ 08401 | PK-8 | 0.2 mi | |
1400 N Albany Ave, Atlantic City, NJ 08401 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 517 N Indiana Ave
Date
Details
Price
Change
Source
7/31/2023
Sold
$330,000
-1.46%
MLS
6/29/2023
Price Reduced
$334,900
-1.47%
MLS
5/11/2023
Listed
$339,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
517 N Indiana Avenue, Atlantic City, NJ 08401 (MLS# NJAC2008244) is a Triplex property that was sold at $330,000 on July 31, 2023. Want to learn more about 517 N Indiana Avenue? Do you have questions about finding other Triplex real estate for sale in Atlantic City? You can browse all Atlantic City real estate or contact a Coldwell Banker agent to request more information.