Nice 2-bedroom, 1-bath condo in excellent condition and ready to go! This spacious unit offers an open concept layout with a large living room, a separate dining area, a cozy kitchen, a private balcony, fresh paint, and plenty of windows that fill the space with natural light. Great investment opportunity! With a 25% down payment, and a 7% interest rate, this property is a great investment... yielding an 11.04% COC ROI, generating $445 in monthly cash flow.
Property Features
Bedrooms
- Bedrooms: 2
- Bedroom 1 Level: Main
- Bedroom 2 Level: Main
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
- Bathroom 1 Level: Main
Other Rooms
Heating and Cooling
- Cooling Features: Central
- Heating Features: Forced Air
- Water Heaters: Electric
Interior Features
- Interior Amenities: Dining Area, Great Room
Kitchen and Dining
- Dining Room Level: Main
- Kitchen Level: Main
Exterior and Lot Features
Garage and Parking
- Parking Features: Assigned Parking
Homeowners Association
- Association: Yes
- Association Fee: 243
- Association Fee Includes: Maintenance, Management, Trash
- Calculated Total Monthly Association Fees: 243
- Pets Allowed: Yes w/restrictions
Other Property Info
- Annual Tax Amount: 1056
- Source Listing Status: Under Contract
- County: Atlantic
- Directions: Take Arctic Ave then left on New York Ave then a right onto Mediterranean. Property is on the right.
- Tax Year: 2024
- Source Property Type: CONDOMINIUM
- Area: Atlantic City
- Property Subtype: condo
- Source Neighborhood: Atlantic City
- Zoning: RM-2
- Flood Plain: Yes
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Year Built: 1985
- Building Exterior Type: Stucco
- Building Name: Jacobs Family T
- Entry Location: Top Floor
- Levels: One
- Property Age: 40
- Levels or Stories: Three to Five
- House Style: Converted Apartments
Utilities
- Sewer: Public Sewer
- Water Source: Public Water