For Sale 26 Lighthouse, 26, Atlantic City, NJ, 08401

Here is a great opportunity to own a renovated multi-dwelling in an amazing location in Atlantic City. The property has a commercial space on the ground level and one rented studio apartment with a reliable tenant who pays $1150 per month. Additionally, the 2nd and 3rd floors have two fully renovated apartments with brand new bathrooms, kitchens, and appliances. The 2nd-floor unit is currently rented for $1650 per month, while the 3rd-floor unit is rented for $1500, a month-to-month lease, and available for showing with an appointment. The location is superb, with easy access to dining, shopping, and cultural centers, providing all necessary amenities within reach. It\'s just a block away from the famous casinos and beaches of Atlantic City. The whole building has views of the Absecon Lighthouse, the Ocean Casino, Hardrock, And Showboat, with a new Waterpark.

**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use commercial property offering an excellent **TURNKEY** investment opportunity. The building features (4) well-maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and extensive renovations to **ALL MAJOR SYSTEMS** within the past two years, minimizing future maintenance costs. **APARTMENT 1** consists of 1-bedroom (plus a den) and 1-bath on the first floor, rented for $1,200/month on a month-to-month lease. **APARTMENT 2** is a 2-bedroom, 1-bath on the second floor, rented for $1,450/month on a yearly lease due for renewal October 2025. **APARTMENT 3** is a 2-bedroom, 1-bath on the third floor, rented for $1,400/month on a yearly lease that was just renewed February 2025. The **COMMERCIAL SPACE** is leased to a 24/7 take-out restaurant for $2,000/month on a 5-year lease (exp. April 2029), with a guaranteed 5% rent increase per year! With a **TOTAL GROSS INCOME OF $72,600** and a **NET OPERATING INCOME (NOI) OF $61,138**, this property presents a solid **9% CAP RATE** at the current asking price. The building’s operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. It’s an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jersey’s most dynamic markets. Contact us today to schedule a private showing or for more information!

This beautifully renovated home in Atlantic City\'s coveted Northeast Inlet area offers the perfect combination of luxury, convenience, and prime location; just steps from the beach, boardwalk, Ocean Casino, and Hard Rock Casino. Whether you\'re looking for a profitable investment or a personal getaway, this property delivers exceptional value. Currently operating as a successful Airbnb, it offers immediate rental income potential; fully furnished and ready to generate cash flow from day one! With no homeowner association fees and plenty of parking available, you can enjoy greater freedom and more profit. Inside, everything is brand new, including a stylish kitchen, bright living room, dining area, two bedrooms including a spacious master, and one and a half modern baths. This home also comes equipped with a washer and dryer conveniently situated on the second floor. The unbeatable location allows you to walk to the beach, boardwalk, and top attractions, while also being close to the scenic back bay and Gardiner\'s Basin. Gorgeous, affordable, and turnkey, this property is an ideal opportunity for both investors and those seeking the ultimate Jersey Shore retreat.