• 1 S Delancy Place ATLANTIC CITY, NJ 08401

  • $1,000,000
  • 0
    Bed(s)
  • 0
    Baths
  • 2,532
    Sq Ft
  • 2400
    Sqft

Atlantic City 6 unit money maker consisting of an ultra luxurious 2 bedroom that is currently rented via AirBNB and netted $30,000 in less than a full year of operations! With the 5 star reviews, we anticipate revenue to increase every year...OR use this swanky pad as an owners unit or vacation getaway! Of the remaining units, 3 have been recently renovated, and 2 are clean and solid but can be renovated to increase rents! ALL of the units are under market rents, making this an amazing VALUE ADD investment! Perfect Chelsea Heights Atlantic City location, under 2 blocks to the Beach at Bartram's Garden with a gorgeous grass area and restrooms...A few blocks to the bay, a short walk to Stockton College, the renowned Knife and Fork Inn and Restaurant, and a quick shot to everything that Atlantic City, Ventnor, Margate and Longport have to offer! Snatch this one up before someone else does!

Property Type :

Multi-Family

Subdivision :

Atlantic City

County :

ATLANTIC

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Shingle

Roofing Information

Shingle

Heating & Cooling

Cooling: Central A/C

Heating: Central

Cooling Fuel: Natural Gas

Heating Fuel: Central

Building Information

Year Built: 1930

Structure: Detached

New Construction: No

Total Units: 4

Built: 1930

Construction Material: Frame

Roof: Shingle

Foundation/Basement: Block

Architecture: A-Frame

Pool/Private: No Pool

Roof Type: Shingle

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 2,400

Dimensions: 32.00 x 75.00

Lot Size (Acres): 0.06

Architectural Style: A-Frame

Main Square Feet: 2,400

Property Information

SQ ft: 3,900

SQ ft (Living Area): 3,900

Total Lot SQ ft: 2,400

View: Ocean

Subdivision: ATLANTIC CITY

Appx. Lot Dimensions: 32.00 x 75.00

Total Acreage: 0.06

New Construction: No

Type: A-Frame

Listing Information

Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD

Days Of Market: 3

Tax Information

Annual Tax: $9,625

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

0-30 Days CD,31-60 Days CD,61-90 Days CD

Assessment Information

Taxes Assessment Amount: $270,000

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Roof: Shingle

Homeowners Association Information

Direction: Use GPS

School Information

School District: ATLANTIC CITY SCHOOLS

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Natural Gas

Heating Fuel: Central

Hot Water: Electric

Location Information

Direction: Use GPS

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ByOwner last updated this listing 05/21/2024 @ 11:20

MLS: NJAC2012292
LISTED BY: Richard M Lauletta , Real of Pennsylvania
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: -$150

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