4021 Atlantic Ave - Residential Income FOR SALE


Atlantic City, NJ 08401- Lower Chelsea
$1,349,000 USD
609-823-8500
4021 Atlantic Ave, Atlantic City, NJ for Sale
$1,349,000 USD
Residential Income - FOR SALE
1/5
null | 5.76% Cap Rate

4021 Atlantic Ave
Atlantic City, NJ 08401
Lower Chelsea


OVERVIEW

Welcome to 4021 Atlantic Ave, a rare oversized triplex spanning nearly 6,900 square feet and offering three income-producing residences just one block from the ocean. The property features a 6 bed, 3 bath two-story residence with ocean views currently rented for $2,900 per month; a 5 bed, 2 bath first-floor unit rented for $2,800 per month; and a 4 bed, 2 bath upper-level unit with ocean views rented for $2,800 per month. Together, the property generates $102,000 annually in gross rental income with strong tenants already in place. With its size, location, and NC-1 zoning, 4021 Atlantic Ave presents a range of opportunities. Investors can hold it as a turnkey rental with immediate cash flow, while owner-occupants may choose to live in one residence and rent the other two units. For those looking to the future, NC-1 zoning allows for neighborhood commercial development. Situated in the historic Lower Chelsea neighborhood near Stockton University, top restaurants, the city’s casinos, and the iconic Boardwalk, this property benefits from consistent rental demand and long-term growth potential. This is a rare chance to acquire a large, income-generating property in one of Atlantic City’s most desirable locations.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

5.76%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Mix Use

APN/PARCEL ID

02-00198-0000-00002

ASK ABOUT THIS PROPERTY

James GagnonMarketplace RealtyMore Info
609-823-8500

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James GagnonMarketplace RealtyMore Info
609-823-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.