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$ 1,350,000
Est. payment /mo
Active
112 S Raleigh Ave Atlantic City, NJ 08401
7 Baths
5,385 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,385 sqft
Price per Sqft $250
MLS Listing ID 605291
Full Baths 7
Annual Tax Amount $28,723
Tax Year 2025
Lot Size 5,385 Sqft
Property Sub-Type Triplex
Property Description
Exceptional turnkey beach block income-producing triplex. Just the third property from the world-famous beach and Boardwalk in the Lower Chelsea area of Atlantic City, this legal triplex represents the ultimate shore investment opportunity. Ideally positioned near major island entry points, restaurants, casinos, and entertainment, this is prime real estate in the center of it all. Whether you're searching for a shore property that helps pay for itself or a powerful addition to your investment portfolio, this property delivers impressive versatility and strong income potential. The building features two upper-level units, each offering approximately 1,500 square feet with four bedrooms, two bathrooms, and beautiful ocean views. The spacious first-floor and basement unit spans two levels and includes five bedrooms and three bathrooms, providing exceptional space and flexibility for large groups or extended stays. With substantial square footage across all three residences, the property has strong rental appeal for both short-term and long-term tenants. In the past few years the property has excellent short term rental history. Updates throughout have been thoughtfully completed to create an elevated and comfortable experience for occupants, enhancing both desirability and revenue performance. The water heater is 1.5 years old, the exterior was updated 5 years ago, the central ac system is 3 years old - each floor has its own mechanicals except the water heater is central. An income and expense summary is available for review, and the current short-term rental management company is willing to continue its partnership with the new owner at a legacy rate, offering a seamless transition. Being truly turnkey, the property is offered fully furnished. Beach block. Legal triplex. Ocean views. Proven income. Endless possibilities.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Virtual Tour https://www.canva.com/design/DAHDAfh-74w/K2U_3XMSRQnqrooYOV9rTw/watch?utm_content=DAHDAfh-74w&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=h004a54cd6d
Listed by FARLEY and FERRY REALTY, INC
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