1 S Delancy Place #1Atlantic City, NJ 08401
Introducing a prime CRE opportunity in Atlantic City's Chelsea Heights: a lucrative 6-unit apartment building that's a true money maker! This property features an ultra-luxurious 2-bedroom unit currently rented out via Airbnb, generating an impressive $30, 000 in less than a year of operation. With its stellar 5-star reviews, the potential for revenue growth is sky-high. Plus, imagine indulging in this swanky pad as your very own owner's unit or vacation getaway! Of the remaining units, three have been recently renovated to modern standards, while the two others are clean and solid, offering the perfect canvas for renovation to further increase rents. All units are currently leased below market rates, making this an exceptional value-add investment opportunity. Nestled in the desirable Chelsea Heights, the building is conveniently located under two blocks from the beach at Bartram's Garden, featuring a beautiful grass area and restrooms. Just a short stroll away, you'll find the bay, Stockton College, and the renowned Knife and Fork Inn and Restaurant. And with easy access to all that Atlantic City, Ventnor, Margate, and Longport have to offer, this property is in the heart of it all. Don't miss out on this incredible investment opportunity – seize it before someone else does!
- Property TypeMulti-Family
- NeighborhoodAtlantic City
- CountyAtlantic
- Taxes$9,625
- HOA/Condo/Coop Fees$0
- Days on Site26 Days
- MLS StatusActive
- MLS ID NumberNJAC2012294
- Home Size Source Estimated
- Year Built1930
- Lot Size0.06 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1 S Delancy Place Atlantic City, NJ 08401
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General Features
- Construction Frame
- Parking On Street
- Sewer Public Sewer
- Acreage 0.06
- Water Public
- Property Sub Type Multi Family
- Attached Garage No
- Foundation Block
- Zoning R-2
Interior Features
- Cooling Central A/ CNatural Gas
- Heating Central
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area Atlantic City (20102)