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Carole Lelli

Carole Lelli 609-412-1340 609-399-4211

109 E 55th St., Ocean City

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For Sale 46 Elberon Ave, Atlantic City, NJ, 08401

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46 Elberon Ave, Atlantic City, NJ, 08401 Main Picture

46 Elberon Ave, Atlantic City, NJ, 08401

$549,000

Carole Lelli
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Investor alert! This spacious 1,900 sq. ft. legal duplex in the sought-after Lower Chelsea section of Atlantic City is just 1.5 blocks from the beaches and boardwalk, making it a prime rental opportunity. The basement-level apartment has been recently renovated with new carpeting, fresh paint, and updated appliances, offering 2 bedrooms and 1 full bath. The main home upstairs features 6 bedrooms and 2 full baths with oversized bedrooms and plenty of space. With a strong rental market and endless possibilities, this property is perfect for investors—rent both units for maximum income, live in one and rent the other, or take advantage of the short-term rental market with Airbnb. Well-maintained with a new roof and ideally located, this duplex is a smart investment with excellent cash flow potential in one of Atlantic City’s most desirable neighborhoods.

Listing courtesy of: GARDEN STATE PROPERTIES GROUP
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build 1900
Lot Size
Tax 6814.00
SQFT
OutsideFeaturesDeck, Porch, Sidewalks
HeatingGas-Natural
SewerPublic Sewer
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units Duplex
Tax Year 2024
Area Atlantic City
ParkingGarageNone
WaterPublic
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Charming Multi-Use Duplex in Historic Old Atlantic City! Are you searching for a unique residence or a remarkable investment opportunity 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, 2-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 full 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 and experience the best of old Atlantic City!

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