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1844 Atlantic Ave
For Sale $995,000
$995,000
- 7 Units
- Unknown Sq Ft
- 4,890 Sq Ft
- Unknown Cap Rate
Description
Incredible mixed use building that is cash flowing at a current GRM of 9.6 and cap rate of 7.5%. Seller carry financing may be available with 50%+ down. Three retail units in front, residential in the back. Tons of upside potential for all of the retail units, or an excellent opportunity for a owner-user purchase. Tenants are paying on-time and consistently. Prime retail location on Atlantic Ave with 30,000+ vehicles passing each day. Recently updated garage roof, painting, and plumbing. This low expense building is a cash cow and a great opportunity for a savvy investor.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $995,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7210016014 |
| MLS # | SB24225878 |
| Property ID | 292027946 |
| Lot Sqft | 4,890 |
| Zoning | LBPD25 |
| Total Units | 7 |
| Days on Market | 400 |
| Original List Price | $995,000 |
| Date Updated | November 05, 2024 |
| Date Created | November 01, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Malcolm Zeger an agent of . Lic #02013882
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 05, 2024 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT