NJ > Atlantic City
Atlantic City, NJ 08401,133-37 ST JAMES PL
Atlantic City, NJ 08401,133-37 ST JAMES PL
Atlantic City, NJ 08401,133-37 ST JAMES PL
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Listed by James F Roche Jr. • KW Empower
$4,550,000
Est. payment /mo
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3,124 Sqft Lot
Under Contract

133-37 ST JAMES PL Atlantic City, NJ 08401

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID NJAC2019406

Year Built 2025

Annual Tax Amount $25,890

Tax Year 2024

Lot Size 3,124 Sqft

Acres 0.07

Lot Dimensions 41.66 x 75.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare 85-Unit Multifamily Portfolio in the Heart of Atlantic Cit!y!

Hunters Commercial is pleased to present 133-37 St James Place — a turnkey, fully occupied 85-unit multifamily investment with significant value-add potential. Situated just blocks from the Atlantic City boardwalk and casino corridor, this offering includes two stabilized buildings plus an additional vacant lot — all on one parcel with dual deeds.

Current rents are well below market, presenting an opportunity to increase income by 20%+ through repositioning. With a cap rate of 10.69% and cash-on-cash returns over 10%, this asset is ideal for investors seeking stable cash flow with upside in a high-demand market undergoing active redevelopment.

Positioned in one of Atlantic City's most promising areas, this asset benefits from strong tenant demand, walkability to amenities, and proximity to major redevelopment projects. Whether you're looking to grow a portfolio or enter a strong secondary market, this property checks all the boxes. Schedule your showing today!

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning RS-C

Interior

Hot Water Natural Gas

Heating Radiant

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00053-00007

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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Michelle McMaster

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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133-37 ST JAMES PL

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