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

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!

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. Schedule your private showing today. Property is being sold in “AS-IS” condition. Buyer is responsible for CO.

Commercial Mixed-Use Property – Prime Location Near Stockton University! Excellent investment opportunity featuring a well-established barber shop on the ground floor and two spacious 3-bedroom apartments above. Both residential units are fully occupied, generating steady rental income, while the commercial tenant provides additional stability. Located close to Stockton University, this property benefits from high visibility, strong foot traffic, and consistent demand from students, staff, and the surrounding community. The apartments offer comfortable layouts, making them attractive for long-term tenants. This fully occupied mixed-use building combines commercial and residential income in a desirable area, making it a smart addition to any investor’s portfolio.