SWIPE FOR MORE IMAGES
$799,900 USD
1658 W Riverside Dr
Atlantic City, New Jersey 08401
USA
Atlantic City, New Jersey 08401
USA
Residential For Sale, Multi-Family (2-4 Units)
Sale price per sqm: 0
Tax: 13,402 USD
Remarks:
Turnkey waterfront investment opportunity! This fully renovated triplex offers an exceptional combination of immediate cash flow, modern improvements and rare deep water access. Completely gutted and rebuilt less than 2 years ago, the property is fully occupied by year round tenants, providing stable income from day one. The building consists of three spacious units: a large one bedroom apartment, a two story four bedroom residence and a two story two bedroom residence. Each unit has been thoughtfully renovated with updated finished and major systems, making this a truly low maintenance addition to any investment portfolio. Outside, you'll find a brand new dock and pilings capable of accomodating up to three large boats or several smaller vessels creating an incredible waterfront amenity rarely found with multi-family properties. Beyond its current income producing performance, this property offers outstanding long term flexibility. Continue operating as a fully leased investment, explore the property future short term rental/Airbnb potential (subject to local regulations), or owner occupy one of the units while the remaining apartments help off set your mortgage-an ideal opportunity to enjoy waterfront living while generating rental income. Whether you are looking to expand your portfolio with a stabilized asset or secure a unique waterfront property with tremendous upside, opportunities like this are few and far between. Property is being sold strictly as is. Buyer is responsible for obtaining the Certificate of Occupancy and any other municipal certifications required for closing.
Features:
- Year Built: 1930
- Location: Waterfront
- Appliances: Refrigerator, Dishwasher, Washer, Dryer
- Property Features: Deck
- Outdoor Space Description: Deck
- Utilities: City Water, Municipal Water, City sewer, Public Sewer
- Basement and Foundation: Crawl Space
Location:
1658 W Riverside Dr, Atlantic City, New Jersey 08401, USA
Listed By CENTURY 21 Alliance
The Residential For Sale, Multi-Family (2-4 Units) located at 1658 W Riverside Dr, Atlantic City, New Jersey 08401, USA is currently for sale. 1658 W Riverside Dr, Atlantic City, New Jersey 08401, USA is listed for $799,900 USD. If the property located at 1658 W Riverside Dr, Atlantic City, New Jersey 08401, USA isn't what you're looking for, search New Jersey Real Estate to see other Homes For Sale in Atlantic City.
