Atlantic City, NJ 08401,1 S DELANCY PL #1
Atlantic City, NJ 08401,1 S DELANCY PL #1
Atlantic City, NJ 08401,1 S DELANCY PL #1
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$1,000,000
Est. payment /mo
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3,900 SqFt
Active

1 S DELANCY PL #1 Atlantic City, NJ 08401

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UPDATED:

08/14/2024 07:00 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $256

Subdivision Atlantic City

MLS Listing ID NJAC2012294

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $9,625

Tax Year 2023

Lot Size 2,400 Sqft

Acres 0.06

Lot Dimensions 32.00 x 75.00

Property Description

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!

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning R-2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Central

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00204-00001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Richard M Lauletta • Real of Pennsylvania

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Dallas Jordan

Agent | License ID: 5018161

+1(706) 963-9045

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1 S DELANCY PL #1