10 days on rocket

3536 Pacific Ave, Atlantic City, NJ, 08406

$1,599,000

Home List Price

$10,000*

Closing Credit

0 Baths
7,055 SqFt
$227/SqFt
Multi

Location

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3536 Pacific Ave, Atlantic City$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1930
HeatingRadiant
CoolingWindow Unit(s)
MLS #589789
StatusActive

About 3536 Pacific Ave

Investment Opportunity: 100% Occupied Multifamily Property This well-maintained property boasts great yearly income and is fully occupied. Significant upgrades have been made to enhance both aesthetics and functionality, including modernized hallways and common areas featuring new ceiling lights, fire exit lights, and a comprehensive camera system. The building also features a new 20-year roof with updated metal and drainage systems. With an impressive cap rate, this property is a strong contender in today’s market. Please see the enclosed income and expense statements. Ideally located on Pacific Avenue, this property benefits from proximity to the new buildings of Stockton University, oceanfront condominiums, and the renowned Knife and Fork restaurant, ensuring easy access to key attractions and major entryways.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 7,055 SqFt

Listing Office:

  • Office Name: FARLEY and FERRY REALTY, INC
  • Office Phone: (609) 822-1836

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Pacific Ave in between Hartford Ave and Albany Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,000
  • Price Per SqFt: $227/SqFt

Tax Information:

  • Annual Amount: $19,322
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlantic City, NJ.

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Atlantic City, NJ

City

Med. Sold Price

$230K

Med. Price/SqFt

$208

Avg. Days On Market

58

# of Sold Homes

26

3536 Pacific Ave vs Atlantic City

10 DAYS ON ROCKET

-48 Days

$1,599,000

+$1.3M More

$227/SqFt

+$18 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $18/SqFt more than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #589789

Listing Office:

  • Office Name: FARLEY and FERRY REALTY, INC
  • Office Phone: (609) 822-1836

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$19,322$560,000
2019$19,322$485,000
2018$17,135$485,000
2017$17,303$505,800

History based on county public records data.

Payment Calculator

$8,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-623068
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-623069
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 2.44 miles

  • Public District Grades PK-4

school-card-donut-623070
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 2.99 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,148. The most common annual income of people living in Atlantic City, NJ is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08406›3536 Pacific Ave

This home is located at 3536 Pacific Ave in Atlantic City, NJ and zip code 08406 in the Chelsea neighborhood. This 7,055 square foot home was built in 1930. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $1,599,000.

While more than 2 listings in Atlantic City, NJ in September 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 15 were sold below. In September 2024 in Atlantic City, NJ there were 5.1% more homes for sale than in August 2024. Listings spent 58 days on the market in September 2024, and had a median list price of $230,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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