12 Florida, Atlantic City, NJ | MLS # 603581 For Sale

Property Details

16.60% CAP RATE! Calling all investorsdont 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.

This listing is provided courtesy of WEICHERT REALTORS ASBURY GROUP-AC

MLS #: 603581
Status: Pending
Address: 12 Florida Ave, Atlantic City, NJ 08401
Date Listed: 1/8/2026
Days on Market: 44

Amenities

Electric Stove
Gas Stove
Refrigerator
Self Cleaning Oven

Location

Interior Features

Heat System: Gas-Natural

Exterior Features

Parking: Off Site Parking
Exterior: Concrete, Stucco
New Construction: No

Additional Features

County: Atlantic
Property Type: 4 - 10 Units
Waterfront Features: No
Water/Sewer: Public
Lot Number: 13
Block Number: 166
For Sale / Lease: For Sale
Taxes: 6693
3rd Party Approval: No

Disclaimer:The data relating to real estate for sale on this website comes in part from both the Broker Reciprocity Program of the South Jersey Shore Regional MLS and/or the Cape May County MLS, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms. The brokers providing these listings advise interested parties to do their due diligence before relying on this information in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. All information deemed reliable, but not guaranteed. All properties are subject to change.

12 Florida Ave, Atlantic City