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Sold for $350,000
  • $350,000

    12 S Florida Ave, Atlantic City, NJ 08401

    9beds
    --baths
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,620 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,620/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Silvette Rivera 856-238-2082,

    WEICHERT REALTORS ASBURY GROUP-AC

    Bought with:

    GERARD (Jerry) BARKER, 0448245

    Source: SJSRMLS,MLS#: 603581MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    Heating
    • Natural Gas
    Appliances
    • Included: Electric Stove, Gas Stove, Refrigerator, Self Cleaning Oven
    Features
    • Has basement: No
    • Has fireplace: No

    Property

    Parking
    • Parking features: Off Site, None
    Features
    • Patio & porch: Deck, Porch
    • Fencing: Fenced
    • Waterfront features: Boardwalk Area
    Lot
    • Size: 2,250 Square Feet
    • Dimensions: 25 x 90
    Details
    • Parcel number: 13

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete, Stucco
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Atlantic City

    Financial & listing details

    • Tax assessed value: $56,300
    • Annual tax amount: $6,693
    • Date on market: 1/8/2026
    • Date available: 01/08/2026
    • Road surface type: Sidewalks

    Price history

    DateEventPrice
    2/25/2026Sold$350,000
    Source: SJSRMLS #603581 Report a problem
    1/8/2026Listed for sale$350,000+0%
    Source: SJSRMLS #603581 Report a problem
    10/12/2022Listing removed--
    Source: Weichert Pro Report a problem
    4/27/2022Listed for sale$349,900+62.7%
    Source: SJSRMLS #562282 Report a problem
    5/26/2016Sold$215,000
    Source: SJSRMLS #411915 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2019$1,989 $56,300
    2018$1,989 -8.5%$56,300
    2017$2,173 +12.8%$56,300
    2016$1,927 +2.2%$56,300
    2015$1,885 $56,300
    Find assessor info on the county website

    Neighborhood: 08401

    Nearby schools

    GreatSchools rating
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