123 S Berkley Sq, Atlantic City, NJ 08401
- $1,150,000
- 3,584
- SqFt
- List Price
- $1,150,000
- Status
- ACTIVE
- Days on Market
- 129
- Price Change
- ▼ $25,000 1787793468
- MLS#
- NJAC2024416
- Style
- Transitional
- Year Built
- 1910
- Living Area
- 3,584
- Lot Size
- 3,049
- Acres
- 0.07
- Subdivision
- Chelsea
- Neighborhood
- Chelsea
- MLS Area Major
- Atlantic City (20102)
Property Description
Welcome to 123 S. Berkley Square — a legal triplex just steps from the beach in Atlantic City’s sought-after Lower Chelsea neighborhood, bordering the Ventnor neighborhood. This is the kind of opportunity investors wait for. Beach block location, multiple income streams, and serious upside. Each unit offers its own unique appeal. The first floor features a spacious 2-bedroom, 1-bath layout with an established annual tenant already in place. The second floor is a bright and airy 2-bedroom, 2-bath unit, ready for immediate income optimization. Upstairs, the top-floor unit is a standout 4-bedroom, 2.5-bath space, currently with the first floor unit rented and 2 additional fully renovated units vacant. This offers the opportunity for an owner unit with 2 income producing rental units or a full 3 unit rental option. Whether renting seasonally or year-round, the combination of the valuable home makes sense. Upgrades include new kitchens and baths, hardwood flooring and recessed lighting in the upper units, new hardwood flooring What really sets this property apart is the lifestyle it delivers. Water views from nearly every level, multiple outdoor spaces including porches, decks, balconies, plus a rear patio for 3 season entertaining and spacious oversized light-filled rooms, coastal life-style feel that tenants and guests love. And the location? Just steps to one of the highly sought after stretches of beach and boardwalk on the South Jersey Coast. Lower Chelsea offers that perfect balance—close to everything Atlantic City has to offer, but tucked away in a more residential, upscale pocket. Whether you’re looking to expand your portfolio, house hack, or own a high-performing shore investment, this one checks all the boxes. Some images have been virtually enhanced.
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Additional Information
- Interior Features
- Built-Ins, Breakfast Area, Combination Dining/Living, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Floor Plan - Traditional, Upgraded Countertops, Recessed Lighting
- Exterior Features
- Street Lights, Sidewalks, Exterior Lighting
- Taxes
- $14,236
- Property Description
- Transitional
- Zoning
- R-2
- Appliances
- Dishwasher, Washer, Stove, Refrigerator, Oven/Range - Electric, Oven/Range - Gas, Microwave, Dryer
- Heating
- Forced Air
- Air Conditioning
- Central A/C
- Stories
- 4
- Foundation
- Slab
- Garage Spaces
- 2
- Garage Features
- Garage - Front Entry, Inside Access
- School District
- Atlantic City Schools
- Number Of Units
- 3
Mortgage Calculator
Listing courtesy of Coldwell Banker Argus Real Estate. Contact: (609) 646-5001