114 Raleigh AveAtlantic City, NJ 08401
- Residential income properties
Property Details for 114 Raleigh Ave
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.3461
- Longitude
- -74.4597
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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