Prime Multi-Family Investment in Atlantic City
Welcome to 4021 Atlantic Ave, located in Atlantic City’s Lower Chelsea Neighborhood. This property offers three unique residences, just steps from the Atlantic City Beach and Boardwalk. This oversized triplex spans approximately 6,856 square feet in total and features 3 unique residential units: a 6-bedroom, 3-bathroom two story historic residence with ocean views (currently rented at $2900/month); a 5-bedroom, 2-bathroom first-floor residence(currently rented at $2800/month); and a 4-bedroom, 2-bathroom second-floor residence with ocean views(currently rented at $2800/month).
This property immediately delivers $102,000 a year in gross rental income with opportunity for growth. Located near Stockton University, restaurants, and casinos, this property boasts strong occupancy and high demand.
The opportunities are endless. Immediately gain strong consistent rental income, live in one unit and rent the other two, or develop a new project. Zoned as NC-1, you have the ability to develop a future mixed-use neighborhood commercial property.
