Ken Sedberry 609-399-0076x150
3160 Asbury Avenue, Ocean City
Ken Sedberry 609-399-0076x150
3160 Asbury Avenue, Ocean City
$395,000
Mobile:
609-442-3850Office
609-399-0076x1500
0
Investor Opportunity – Value-Add Triplex in Northern Atlantic City Welcome to 1 S New Hampshire Avenue, a fully vacant triplex located in the northern section of Atlantic City, just minutes from the beach and surrounded by ongoing redevelopment. This property features three separate units: a 2-bedroom, 1-bath unit on the first floor, a 2-bedroom, 1-bath unit on the second floor, and a spacious 4-bedroom, 2-bath unit spanning the third and fourth floor. The building is being sold strictly as-is, with the buyer responsible for obtaining the Certificate of Occupancy and any municipal approvals. The property offers significant upside for the savvy investor. While it needs a full cosmetic renovation, comps in the area support strong rental income once stabilized. Conservative estimates place market rents at $1,600/month for the 2-bedroom units and $2,500/month for the 4-bedroom unit, giving this asset a potential gross annual rent roll of approximately $68,400. **Important disclosure**: the **first-floor unit experienced a pipe burst and is currently gutted**—listing photos show the unit *prior* to the damage and are intended to reflect its original layout. With all three units vacant and ready for rehab, this is a blank slate investment opportunity with serious cash-flow potential in a rapidly evolving section of Atlantic City. Easy to show—**schedule your tour today and bring your vision.**
| Total Rooms | |
| Full Bath | 0 |
| # of Stories | |
| Year Build | 1900 |
| Lot Size | |
| Tax | 5755.00 |
| SQFT |
| OutsideFeatures | Bay View, Deck, Ocean View |
| Heating | Gas-Natural |
| Water | Public |
| Bedrooms | 0 |
| Half Bath | 0 |
| # of Stories | |
| Lot Dimensions | |
| # Units | Triplex |
| Tax Year | 2024 |
| Area | Atlantic City |
| ParkingGarage | None |
| Cooling | Wall Units |
| Sewer | Public Sewer |
