Atlantic City - Beach Property For Sale #4401369

This multi-family property offers a fantastic investment opportunity in a prime location, just one block to the beach and boardwalk, this Legal 3 unit 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 generating enough steady cash flow to cover all of the buildings carrying costs. The second floor & third floors used to be three bedroom, two full bath apartments, however the current owner has started to combine those top two units into one large two stroy spacious residential unit that can accomadate up to Six bedrooms and four bathrooms. This unit is currently under development and offers ample potential for customization. The unit is beautifully renovated and was completed as of July 2022. These renovations included all essential updates such as all new windows, an on demand tankless hot water heater, all new water supply & waste lines, upgraded electrical wiring, modern lighting & 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 two 3bdrm 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 investors or those looking for a mixed use multi-family home in the heart of the cities commercial business district with great income potential. Don't miss out 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.