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205 S Vermont Ave, Atlantic City, NJ 08401
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$554,900
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Home Details for 205 S Vermont Ave
Price
$554,900
Type
Multi Family
Bedrooms
6
Sq. Ft.
2312
County
Atlantic
Tax
$5,903
MLS®️ Listing#
596817
On exitrealty.com
171 days
Property Description
**Listing Attention:** This property presents a unique opportunity to own a beautiful duplex in a prime beach block location. You can either develop a trophy property with stunning panoramic waterfront views or retain the existing structure and upgrade it for substantial income through Airbnb rentals. This property is legally zoned as a duplex, allowing for extra income generation. You can occupy one unit while renting out the other or capitalize on the booming Airbnb market. Positioned just a short walk from the renowned Atlantic City beach, this home is an ideal rental property for both vacationers and long-term tenants. The property features six generously sized bedrooms and two bathrooms in the upper unit, currently rented for $1,500 per month, which is well below current market value, and a two-bedroom, one-bathroom unit on the ground level, rented for $1,100 per month, providing ample space for family, friends, and guests. The LH-2 Zoning District permits multi-family, low-rise, and mid-rise residential buildings, along with opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses. This is truly a rare opportunity that may not come around again.
- Heating Information
- Baseboard
- Natural Gas
- Cooling Information
- Window Unit(s)
- Water Features
- Public
- House Interior
- Pantry
Listing Courtesy: BHHS FOX and ROACH-Northfield
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Market statistics compiled from data from South Jersey Shore Regional MLS.
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$554,900
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EXIT D'AGOSTINO AGENCY REAL ESTATE
105 N White Horse Pike, Hammonton, NJ 08037