$999,000

111 ORIENTAL AVE, Atlantic City, NJ 08401

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

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.

Listing Status:
Active
Listing Office:
EXP Realty, LLC : 8662016210
Listing Agent:
Hader Rivas Sr. : 6099926872
MLS ID:
NJAC2021602
  • A/C: None
  • Heating: None
  • Disability Feature: None
  • Roofing: Flat
  • General: BrickStuccoBrick/Mortar
  • Originating MLS: BRIGHT_MAIN
  • School District: ATLANTIC CITY SCHOOLS
  • County: ATLANTIC-NJ
  • Zoning: RS-C02-00080-00008
  • View: Ocean
  • Utilities: Natural gas availableSewer availableWater available
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Hader Rivas Sr., EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pennsylvania Avenue School

201 N Pennsylvania Ave, Atlantic City, NJ, 08401

Grades PK-8

0.49 miles away

P

Pennsylvania Avenue School

201 N Pennsylvania Ave, Atlantic City, NJ, 08401

Grades PK-8

0.49 miles away

A

Atlantic City High School

1400 N Albany Ave, Atlantic City, NJ, 08401

Grades 9-12

3.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.