Description:
Well maintained TRIPLEX with TRANSIT- ORIENTED (TO) zoning on corner lot is a GREAT INVESTMENT OPPORTUNITY in developing East Atlantic Blvd corridor. TO zoning accommodates moderate- to high-intensity, compact, mixed-use development within walking distance to newly revitalized Atlantic Blvd with bustling new restaurants, bars and shops. This property is currently earning $6,000 in monthly gross rental income on month-to-month leases and within short 1-mile walk to beach! New roof (2022), landscaping, irrigation, exterior light fixtures, and 6 paved parking spaces. Each unit is 2/1, with new central A/Cs (2020/2021), newer water heaters, storm shutters, independent laundry/utility rooms with washer/dryer hook-ups. Tenants have been in place for ~10 years - please do not disturb them.