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Bob Wilkins

Bob Wilkins 609-425-7423 609-399-4211x228

109 E 55th St., Ocean City

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For Sale 1 Delancy Pl, Atlantic City, NJ, 08401

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1 Delancy Pl, Atlantic City, NJ, 08401

$1,000,000

Bob Wilkins
  • Buyer Agent Compensation: N/A
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Introducing a prime CRE opportunity in Atlantic City\'s Chelsea Heights: a lucrative 6-unit apartment building that\'s a true money maker! This property features an ultra-luxurious 2-bedroom unit currently rented out via Airbnb, generating an impressive $30,000 in less than a year of operation. With its stellar 5-star reviews, the potential for revenue growth is sky-high. Plus, imagine indulging in this swanky pad as your very own owner\'s unit or vacation getaway! Of the remaining units, three have been recently renovated to modern standards, while the two others are clean and solid, offering the perfect canvas for renovation to further increase rents. All units are currently leased below market rates, making this an exceptional value-add investment opportunity. Nestled in the desirable Chelsea Heights, the building is conveniently located under two blocks from the beach at Bartram\'s Garden, featuring a beautiful grass area and restrooms. Just a short stroll away, you\'ll find the bay, Stockton College, and the renowned Knife and Fork Inn and Restaurant. And with easy access to all that Atlantic City, Ventnor, Margate, and Longport have to offer, this property is in the heart of it all. Don\'t miss out on this incredible investment opportunity – seize it before someone else does! Agent has financial interest. Owner is RE Licensee

Listing courtesy of: REAL
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build
Lot Size
Tax 9625.00
SQFT
ParkingGarageNone
WaterPublic
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units 4 - 10 Units
Tax Year 2023
Area Atlantic City
HeatingElectric
SewerPublic Sewer
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1 Bartram, Atlantic City

  • 3

  • 2.0

  • $495000