215 N Chelsea Ave, Atlantic City, NJ 08401

UPDATE - Multiple Offers received. Highest & Best due by Saturday 6/24/23. Sellers will review all written offers on Sunday morning. LEGAL DUPLEX IN CHELSEA and UNIVERSITY DISTRICT - 3BR, 1Ba Main home on upper level with 1 BR, 1Ba unit on street level has a lot to offer. Located in the Chelsea Development District means the Buyer of this property may be eligible to receive up to 20% in Grants from the ACIA and Chelsea EDC towards the purchase price and closings costs! Located on the Bay Block of Chelsea Ave, this property is walking distance to Intercoastal Waterway, Stockton University, Sports Fields Parks, Playgrounds and Boathouse. Minutes from Boardwalk & Beach, shopping, restaurants, night life and all that AC has to offer. Current tenants are 1 family that occupy both units as a 4 BR rental totaling $1900/m + electric, gas and cable through 1/31/24, which is under market value for comparable rentals in this area. Water is approximately $150-$200/quarter and Sewer is approximately $1000/year. This place has SO much potential with a little TLC - keep it as 2 income producing units, live in 1 and rent out the other or use the 1BR as In-Law Suite! Interior remodeling was done in 2017/18 and property has been rented since then. New roof, plumbing and electrical were installed in 2017. Roof and chimney were resealed in 2022 and new front stairs and porch for main home was installed in 2023. Property is semi-detached and has a shared parking area. Upper level, 3BR main home has a rear patio as well leading to the shared back yard. Street level, 1 BR has interior access to shared mudroom/storage area that leads to back yard. Current owner removed the underground fuel tank at time of purchase and has all records for the same. Interior Pics will be added with Tenant consent. This will be an AS-IS sale. Seller will get CO, Fire Cert and Land Use. Any other inspections done by Buyer are for informational purpose only.