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$ 650,000
Est. payment | /mo
5 Beds
3 Baths
$ 650,000
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260005688
Style Colonial,Row House
Bedrooms 5
Full Baths 3
HOA Fees $2/mo
Annual Tax Amount $5,800
Tax Year 2026
Lot Dimensions 18.8x70
Property Sub-Type 2 Family
Property Description
117 Seaside Ave, Atlantic City, NJ – Turnkey 2-Family w/ Strong STR Income Prime investment opportunity in a high-demand location between Pacific and Oriental Avenues, this fully licensed, excellent-condition 2-unit property offers multiple income strategies and strong upside. The first-floor unit currently generates $1,600/month ($19,200 annually) with the option to convert to a short-term rental projected to produce approximately $30,000–$38,000 annually based on seasonal performance and occupancy, while the upper 4-bedroom duplex is a proven high-performing STR generating approximately $75,800 annually. Combined, the property produces roughly $95,000/year in its current configuration, with projected gross income increasing to approximately $105,000–$113,000+ with full STR optimization. Featuring a durable brick-and-block exterior, hardwood and tile finishes, radiator heat, and a walk-out basement for storage, this asset is built for longevity and performance, making it ideal for investors seeking immediate cash flow and short-term rental upside or an owner-occupant looking to significantly offset living expenses in a rapidly growing Atlantic City market.
Location
State NJ
County Atlantic
Area Atlantic City
Rooms
Basement Unfinished, Walk-Out
Interior
Heating A/C Window, Baseboard, Gas, Radiators
Cooling A/C Window, Baseboard, Gas, Radiators
Exterior
Exterior Feature Block, Brick, Other-See Remarks
Parking Features Other-See Remarks
Listed by PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY