House for sale
$299,900 - Atlantic City NJ 08401Atlantic City NJ 08401
House for sale
- Price: $299,900
- :
- Area: 3,072 sqft
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Overview
This multi-family property offers a fantastic investment opportunity in a prime location, just one block to the beach and boardwalk, this Legal 4unit building has major potential. Currently as it stands there is a ground floor commercial space that is ready for new tenants to customize and start their business. Additionaly on the ground floor is a one bedroom residential unit that has been successfully utilized as a short term rental on AirBnB generating enough steady cash flow to cover all of the buildings carrying costs. The second floor and third floor used each be a three bedroom, two full bathapartment, however the current owner has cobined them into one spacious residential unit that can accomadate up to 6 bedrooms and 4 bathrooms. This unit is currently under development and offers amplepotential for customization. The Airbnb unit is beautifully renovated and was completed as of July 2022. These renovations included all essentialupdates such as all new windows, an on demand tankless hot water heater, all new water supply and waste lines, upgraded electrical wiring, modern lighting and state of the art security cameras. The upstairs 2 story residential unit is under development and features all new Bay Windows, Upgraded Electrical Panel, and new water, waste, and gas lines are allready stubbed out. This is the unit that could be seperated back into two3bdrm units. The exterior of the building features all new steel exterior doors and was freshly painted along with the East side Mural in Oct 2023.Oil tank has also been removed in 2021. With its versatile layout and prime location, this property presents an excellent opportunity for investorsor those looking for a mixed use multi-family home in the heart of the cities commercial business district with great income potential. Don't missout on this chance to own or invest in a Value Add property with near endless possibilities. Buildable 4000+ sqft lot across the street at 27 S.Kentucky also available for sale. Any furthur questions regarding this property please contact your local Real Estate Agent asap. Floor plans and CRDA approved land use for 4 unit bldg are available upon request to qualified buyers. For more details and to contact: https://realtyww.info/homes_atlantic-city-d525395/for-sale_i71265524Location
Atlantic City NJ 08401
House for sale
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House Atlantic City
This House for sale is located at Atlantic City NJ 08401. The home has . This House in Atlantic City NJ is for sale for $299,900 .
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2024-04-30, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-30, Viewed 1 times.
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