1329 Pacific Ave - Apartments FOR SALE


Atlantic City, NJ 08401
$6,500,000 USD
201-953-9532
1329 Pacific Ave, Atlantic City, NJ for Sale
$6,500,000 USD
Apartments - FOR SALE
1/14
null | 5.37% Cap Rate

1329 Pacific Ave
Atlantic City, NJ 08401


HIGHLIGHTS

  • https://hudsonatlantic.com/properties/carlton-apartments/
  • $375+ Rent Upside
  • International Owner for 40+ Years
  • Across the Street From Beach
  • 15 Minute Walk from Beach

OVERVIEW

The Carlton Apartments, located in the vibrant city of Atlantic City, NJ, offer a premier residential experience boasting 82 units comprising studios, 1-bedroom, and 2-bedroom configurations. Nestled in a prime location, the Carlton Apartments cater to diverse lifestyles, providing contemporary living spaces designed for comfort and convenience. Located just steps from Atlantic City Boardwalk, this 82 unit apartment property is within walking distance to many attractions in Atlantic City. Atlantic City is known for its casinos and hotels, and many of the city’s biggest and best are located downtown. Along with being surrounded by entertainment, Downtown Atlantic City offers great shopping options like the Tanger Outlets. Atlantic City boardwalk, which is filled with video arcades, gift shops, and more. Steer Pier, a classic amusement park with rollercoasters and funnel cakes

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

84

PRICE/UNIT

$77,381

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carlton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,978 SF

ZONING

CBD

APN/PARCEL ID

02-00143-0000-00002

ASK ABOUT THIS PROPERTY

Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

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Adam ZweibelHudson Atlantic RealtyMore Info
201-953-9532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.