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Key Details
Sold Price $279,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,152 sqft
Price per Sqft $242
MLS Listing ID NJAC2017138
Sold Date 03/14/25
Style Traditional
Abv Grd Liv Area 1,152
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,342
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 21.00 x 40.00
Property Sub-Type End of Row/Townhouse
Property Description
Highest and Best Due by Friday 02/21/25 at 10 AM. Investor or Savvy Owner Alert!!!!This low cost duplex located in the Chelsea section of Atlantic City with very low taxes is perfect for the savvy investor looking to add to their portfolio or to live in one unit and rent out the other. This lovely unit is in a prime location near the beaches, casinos, restaurants, shopping, Bader field, and so much more. This wonderful investment includes a 1 bedroom 2 bathroom unit on the lower level, and a 4 bedroom 2 full bath unit on the upper level. The first floor unit is currently rented on a month to month basis @ $1000 monthly the tenant pays their own utilities. Tenant is willing to either stay or go. Potential market rent for unit # 1 is $1250. The upper unit is vacant, awaiting its new owner or tenant. The upper unit has the potential to earn the market rent of $2500 easily. Each unit has its own utilities with separate gas and electric meters. With just a little TLC this can be the perfect investment property at "The Shore". Bring your imagination and call today for a private showing.
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning R-2
Rooms
Basement Partial
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Ceiling Fan(s), Wall Unit
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00791-00018
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Michael J Lerman • Realty Mark Advantage