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Price:
$554,900
Type:
MULTI-FAMILY
MLS: 596817 |
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Bedrooms:
0
Baths: 0 Half Baths:
0
Lot Size: 35x80 |
**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 one unit while renting out the other or capitalize on the booming Airbnb market. Positioned just a short walk from the renowned Atlantic City beach, this home is an ideal rental property for both vacationers and long-term tenants. The property features six generously sized bedrooms and two bathrooms in the upper unit, currently rented for $1,500 per month, which is well below current market value, and a two-bedroom, one-bathroom unit on the ground level, rented for $1,100 per month, providing ample space for family, friends, and guests. The LH-2 Zoning District permits multi-family, low-rise, and mid-rise residential buildings, along with opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses. This is truly a rare opportunity that may not come around again.
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Status: Active
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Lot Dimensions: 35x80
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Water: Public
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Location: Beach Block,Boardwalk Front
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Other Rooms: Den/TV Room,Dining Area,Kitchen,Living Room,Pantry
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Sewer: Public Sewer
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Water Heater: Gas
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Appliances: Gas Stove,Refrigerator
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Heating: Baseboard,Gas-Natural
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Cooling: Window Units
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Parking - Exterior: Off Site Parking
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Garage: None
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