Introducing a prime CRE opportunity in Atlantic City's Chelsea Heights: a lucrative 6-unit apartment building that's a true money maker! This property features an ultra-luxurious 2-bedroom unit currently rented out via Airbnb, generating an impressive$30, 000in less than a year of operation. With its stellar 5-star reviews, the potential for revenue growth is sky-high. Plus, imagine indulging in this swanky pad as your very own owner's unit or vacation getaway! Of the remaining units, three have been recently renovated to modern standards, while the two others are clean and solid, offering the perfect canvas for renovation to further increase rents. All units are currently leased below market rates, making this an exceptional value-add investment opportunity. Nestled in the desirable Chelsea…
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The average household income in
Atlantic City, NJ
declined
from
$26,566
to
$26,006
in the past year. This data is an estimate based upon
15,404
households in
Atlantic City, NJ. The chart below presents how household income is distributed in
Atlantic City, NJ
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Atlantic City, NJ
compared to median property taxes around the country. The prevalent amount of property taxes in
Atlantic City, NJ
equals
$3k+
, which is
more
than the national average.