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$ 550,000
Est. payment /mo
Active
19 S Elberon Ave Ave Atlantic City, NJ 08401
2 Beds
UPDATED:
08/20/2024 09:49 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 587697
Bedrooms 2
Year Built 1915
Annual Tax Amount $7,458
Tax Year 2023
Property Description
Charming Multi-Use Duplex in Historic Old Atlantic City Are you searching for a remarkable investment opportunity or a unique residence just a block and a half from the beach? Look no further! This classic multi-use duplex embodies the timeless charm of old Atlantic City, offering endless possibilities for both living and investment. The lower level has 2-bedroom, 1-bath apartment ideal for comfortable living. Use as a primary residence or as a rental unit or both. The upper Level: A spacious area with 4 or potentially 5 bedrooms and 3 baths, providing ample space for large families or additional rental income. There is a back yard patio that lends itself to outdoor cookouts or workouts or to just enjoy warm summer nights in the comfort of your back courtyard retreat. Whether you choose to reside in the lower unit and rent out the upper level, or live upstairs and lease the lower unit, this property offers flexibility and potential. It’s also a prime candidate for Air b n b or long-term rentals, appealing to casino workers, Stockton University students, or anyone seeking a beach-side retreat. This home is loaded with historic charm and character of "Old AC" with custom woodwork and a grand staircase that speaks to the quality and craftsmanship of yesteryear. Built over 109 years ago, this duplex is a testament to enduring construction and style. This property is a blank canvas awaiting your vision. Embrace the chance to restore and rejuvenate this classic gem. Explore renovation loans and city programs that may offer financial assistance in revitalizing this historic treasure. For more information on Chelsea Economic Development Corporation https://www.chelseaedc.org/aboutus This duplex isn't just a property; it's a piece of history with the promise of future success. If you’re ready to invest in a timeless piece of Atlantic City, come see this unique opportunity and imagine the possibilities. Reach out to your local lenders and city officials to discover how you can bring this masterpiece back to its full glory. Don’t miss out! schedule your viewing today and experience the best of old Atlantic City!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Rooms
Other Rooms Dining Area, Eat In Kitchen, Living Room
Basement Finished, Full
Interior
Heating Baseboard, Gas-Natural, Radiator
Exterior
Exterior Feature Brick, Masonry/Block, Stucco
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by MONIHAN REALTY-A