125 N Kingston Ave
Property Description
RARE BAY-VIEW DUPLEX OPPORTUNITY! Whether you're looking for an income-producing investment, a home with built-in rental income, or a flexible multi-generational property, this well-maintained brick duplex offers incredible versatility in a beautiful Atlantic City bay setting. Featuring two spacious residences-a 3-bedroom, 1.5-bath upper unit and a 2-bedroom, 1.5-bath lower unit-the property offers approximately 2,700 square feet of living space, beautiful bay views and unforgettable sunsets. Both units have been well maintained and improved over the years, featuring updated flooring and baths, their own washer and dryer, separate tankless water heaters, and separate gas and electric utilities. The property also features a newer roof and improvements to the electrical and plumbing. The lower unit offers a spacious primary bedroom and a large bay-facing deck, while the upper unit is currently occupied by reliable tenants, providing immediate rental income. Investors can benefit from existing income with additional market-rent potential, while owner-occupants have the opportunity to live in one unit and collect rent from the other to help offset ownership costs. The property's two-unit setup also lends itself beautifully to extended or multi-generational living. SELLER FINANCING AVAILABLE WITH 20% DOWN, subject to seller approval and mutually agreeable terms-offering qualified buyers an attractive alternative to traditional financing. Seller financing is actively marketed on other Atlantic City investment properties as well, making it a recognizable selling feature in the local market. Conveniently located near the beach, Richmond Avenue School, shopping, dining and transportation, this is an opportunity to own a versatile Atlantic City property combining income, lifestyle and long-term potential. Live in it. Rent it. Invest in it. The possibilities are yours.
Broker Details
Keller Williams Realty Jersey Shore (609) 399-5454
MLS ID: 5646 State License Number: 0019224
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $569,000 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $284,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-SJSRMLSNJ-612025
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