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In-PersonVirtual Tour
$ 799,900
Est. payment | /mo
3 Beds
5 Baths
$ 799,900
Est. payment | /mo
3 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 609715
Bedrooms 3
Full Baths 5
Year Built 1930
Annual Tax Amount $13,402
Tax Year 2025
Property Sub-Type Triplex
Property Description
Turnkey waterfront investment opportunity! This fully renovated triplex offers an exceptional combination of immediate cash flow, modern improvements and rare deep water access. Completely gutted and rebuilt less than 2 years ago, the property is fully occupied by year round tenants, providing stable income from day one. The building consists of three spacious units: a large one bedroom apartment, a two story four bedroom residence and a two story two bedroom residence. Each unit has been thoughtfully renovated with updated finished and major systems, making this a truly low maintenance addition to any investment portfolio. Outside, you'll find a brand new dock and pilings capable of accomodating up to three large boats or several smaller vessels creating an incredible waterfront amenity rarely found with multi-family properties. Beyond its current income producing performance, this property offers outstanding long term flexibility. Continue operating as a fully leased investment, explore the property future short term rental/Airbnb potential (subject to local regulations), or owner occupy one of the units while the remaining apartments help off set your mortgage-an ideal opportunity to enjoy waterfront living while generating rental income. Whether you are looking to expand your portfolio with a stabilized asset or secure a unique waterfront property with tremendous upside, opportunities like this are few and far between. Property is being sold strictly as is. Buyer is responsible for obtaining the Certificate of Occupancy and any other municipal certifications required for closing.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Bay Front
Rooms
Basement Crawl Space
Interior
Heating Gas-Natural
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by CENTURY 21 ALLIANCE-O1O4J
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA