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$ 999,000
Est. payment | /mo
6 Beds
4,620 SqFt
$ 999,000
Est. payment | /mo
6 Beds
4,620 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $216
MLS Listing ID 601901
Bedrooms 6
Year Built 1950
Annual Tax Amount $6,760
Tax Year 2025
Lot Size 4,620 Sqft
Property Sub-Type 4 - 10 Units
Property Description
Opportunity meets vision at 111 Oriental Avenue, a property positioned just steps from the Atlantic City Boardwalk and the oceanfront. The structure has already been gutted and fit out for six units - five two-bedroom, one one-bedroom - all with one bath, in accordance with the City's current six-unit limit. A variance would be required for any additional units, including the potential to reactivate the basement level which was once utilized for living space. The groundwork has been laid with all brand-new windows installed, plywood flooring in place, and a full basement offering added flexibility pending approvals. What makes this offering compelling is not only the existing configuration, but the location. With direct ocean views, immediate access to the beach, and proximity to the Ocean Casino Resort and the surrounding corridor of redevelopment, this is the kind of project where smart capital and strong execution will capture the momentum of a market in transition. The area is benefiting from ongoing investment and revitalization, creating the conditions for significant upside in both short-term rental strategies such as Airbnb and long-term, stabilized income approaches.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Beach Block
Rooms
Basement 6 Ft. or More Head Room, Full
Interior
Heating Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by eXp Realty-Northfield
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