13% Projected Cap-Rate with annual rentals! 23% Cap-Rate with Estimate AirBnB Income!!! - Completly Vacant and Fully Rehabbed 5 Unit Brick Building one Block away from the Hardrock Hotel and Casino, and the Showboat / Waterpark and just 2 blocks away from the Ocean Casino, the Atlantic Ocean and the worlds most famous Boardwalk! This is an ideal location and property for doing AirBnb and Annual rentals or a combination there of. Other option could include buying it to live in the ground floor three bedroom unit and be the onsite landlord for the other four units, possible FHA purchase if this is the case. This property features a basement and seperate Gas and Electric meters for all units. Everything is brand new, All new plumbing, all new electric, new roof, new Furnaces, New Central AC units, new Tankless hot water heaters, new flooring, brand new kitchens and baths with tile floors and backsplashes and stainless steel applianses including gas cooking and dishwasher, even Granite Coutners! No Expenses Spared! Income and Expenses & AirBnB Analysis available to qualified buyers.
Last Agent to Sell the Property
WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 12/21/2023
Last Buyer's Agent
WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 12/21/2023
Home Type
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Kitchen
Utilities
Overview
Recreation
$699,990
A practical new TRIPLEX .This grand old Duchess of a home sits on a beautiful wide avenue, Iowa Ave. It is just 2.5 blocks to the world famous Atlantic City Board walk and beach. Great restaurants, shopping and Casino action are just a short stroll away. We have given this grand old lady a total make over....All brand new floors, windows, and beautiful bathrooms. The kitchen features all
Kenneth Robinson BHHS FOX and ROACH-Margate
$599,000
**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use property offering an excellent **TURNKEY** investment opportunity. The building features (4) well -maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and
Hader Rivas eXp Realty-Northfield
$525,000
Located just 2 blocks from the Boardwalk and beach in the sought-after Uptown Inlet area of Atlantic City, this fully furnished duplex is a turnkey investment with immediate rental income potential. The Inlet section of Atlantic City is awaiting an exciting project that was approved for the development of a new residential community with townhouses near the Boardwalk, and this property is in the
Ashley Stewart FASANO REALTY
$565,000
**Listing Attention:** This property presents a unique opportunity to own a beautiful duplex in a prime beach block location. You can either develop a trophy property with stunning panoramic waterfront views or retain the existing structure and upgrade it for substantial income through Airbnb rentals. This property is legally zoned as a duplex, allowing for extra income generation. You can occupy
Goran Cedevski BHHS FOX and ROACH-Northfield
$585,000
Listing Alert: This property presents a unique opportunity to own a beautiful duplex in a prime beach block location. You can either build a trophy development with stunning panoramic waterfront views or keep the existing property and upgrade it for a phenomenal income through Airbnb rentals. This property is legally zoned as a duplex, providing the opportunity to generate extra income. You can
Goran Cedevski BHHS FOX and ROACH-Northfield
$499,900
Great Opportunity in Atlantic City - Triplex with Commercial use below. Here is a chance to own a 2 car garage with office space and full bathroom on Fairmount Ave close to the Walk and Convention Center. There is also 3 units that are Two bedroom 1 bathroom each. Residence is currently occupied by the seller's family. Garage and office space if not currently occupied. The property is being
DOUGLAS KURTZ BHHS DIVERSIFIED REALTY
$749,900
The Grand Dame of Atlantic City! Outstanding investment opportunity with strong cash flow. This fully licensed and fully rented property features 9 rentable rooms, 1 efficiency unit, a 2-bedroom apartment, and an owner’s office. Over $50,000 in recent renovations. Centrally located—just minutes from casinos, the boardwalk, public transportation, and shopping. Priced to sell—don’t miss this
Jeff Quintin eXp Realty - Ocean City S382K
$499,000
Incredible investment opportunity with this renovated triplex, offering three identical units—each featuring 3 spacious bedrooms and 1 modern full bath. The units have been tastefully updated with hardwood flooring, fresh paint, kitchen cabinets, and appliances, along with a sleek, contemporary bathroom complete with a tub/shower combo. Each unit provides a bright and comfortable layout, perfect
Paula Hartman BHHS FOX and ROACH-Margate
$599,000
~BEACH BLOCK TRIPLEX~ MOTIVATED SELLER!! Fantastic investment opportunity! Well-maintained triplex right in the heart of Atlantic City, between Boardwalk Hall and the Tropicana Casino, just seconds to the beach! Enjoy easy access to the boardwalk, casinos, public transit, and local attractions. With 3 rental apartments, this property provides great potential for rental income or
Jacquelin Lyons MARCHESE REAL ESTATE, LLC
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/01/2024 02/01/24 | Rented | -- | -- | -- |
| 12/22/2023 12/22/23 | Sold | $650,000 | -6.5% | -- |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/21/2023 12/21/23 | For Sale | $695,000 | 0.0% | -- |
| 11/29/2023 11/29/23 | Price Changed | $1,695 | -1.7% | -- |
| 11/21/2023 11/21/23 | Price Changed | $1,725 | -1.4% | -- |
| 11/09/2023 11/09/23 | Price Changed | $1,750 | -1.4% | -- |
| 11/01/2023 11/01/23 | Price Changed | $1,775 | -1.4% | -- |
| 10/20/2023 10/20/23 | For Rent | $1,800 | -- | -- |
Seller's Agent in 2024
Gerard Barker
Weichert Corporate
(609) 481-7745
7 in this area
229 Total Sales
Buyer's Agent in 2024
Silvette Rivera
Weichert Corporate
(856) 238-2082
2 in this area
80 Total Sales
Source: South Jersey Shore Regional MLS
MLS Number: 580677
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