114 Raleigh AveAtlantic City, NJ 08401

For Sale
$1,699,900

Beachfront 3-unit apartment building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-unit apartment building, located at 114 S Raleigh Ave in Atlantic City, NJ, presents a lucrative investment opportunity. Each of the three units boasts a spacious 1,550 square feet, featuring four bedrooms and two bathrooms. The modern kitchens are equipped with quartz countertops and stainless steel appliances, complemented by an open-concept living area offering stunning ocean views. Fully renovated bathrooms include oversized walk-in showers or shower/tub combos. Individual laundry and HVAC systems are included in each unit. The building's prime location in the Chelsea neighborhood places it steps from the Atlantic City Boardwalk, offering easy access to casinos, restaurants, and the beach. The property has a proven track record as a highly successful short-term rental (STR) or Airbnb, demonstrating significant income potential. This three-story building represents a rare opportunity to acquire a luxurious, modern multifamily property in a highly desirable location. The asking price is $1,699,900, with a price per unit of $566,633.33. The property is situated in Atlantic County, New Jersey, zip code 08401.

Highlights

  • Exceptional three-unit apartment building in Atlantic City's Chelsea neighborhood, steps from the Boardwalk.
  • Each unit offers 1,550 square feet, four bedrooms, two bathrooms, modern kitchens with quartz countertops and stainless steel appliances, and an open-concept living area with ocean views.
  • Fully renovated bathrooms feature walk-in showers or shower/tub combos; each unit includes individual laundry and HVAC.
  • Proven track record as a highly successful short-term rental, offering significant income potential.
  • Asking price: $1,699,900 ($566,633.33 per unit).

Property Details for 114 Raleigh Ave

Property type
Multifamily properties, Apartment buildings
Stories
3
Units
3

Location Insight

City
Atlantic City
County
Atlantic
State
New Jersey
Latitude
39.3460773
Longitude
-74.4597103
114 Raleigh Ave, Atlantic City, New Jersey

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114 Raleigh Ave
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