Description

TRIPLEX 12% CAP RATE.... This is a turn key opportunity for great income. This grand old Duchess of a home sits on a beautiful wide avenue, Iowa Ave. It is just 2.5 blocks to the world famous Atlantic City Board walk and beach. Great restaurants, shopping and Casino action are just a short stroll away. We have given this grand old lady a total make over, you can start ranting it tomorrow....All new floors, windows, and beautiful bathrooms. The kitchen features all stainless steal appliances; microwave, refrigerator, and of course a gas stove. Add in the granite counter tops for a perfect kitchen. Each of the 3 units come equipped with climate controls split heater/air-conditioners. All apartments offer 2 bedrooms, a dinning area, kitchen, upgraded shower and bathroom, and living room.

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Amenities

  • Gas Stove   
  • Microwave   
  • Refrigerator   
  • Curbs   
  • Fenced Yard   
  • Porch   
  • Dining Area   
  • Kitchen   
  • Living Room   
  • Pantry   
  • Heating:Electric   
  • Heating:Forced Air   
  • Heating:Multi-Zoned   
  • Heater:Gas  
  • Cooling:Electric  
  • Cooling:Multi-Zoned  
  • Public Sewer  

PROPERTY LOCATION / MAP

Last Database Update:  04/25/2026
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© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Desatnick Real Estate are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.

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38 N IOWA Avenue, Lower Chelsea NJ
0  Bedroom(s)   |    1  Bathroom(s)   |   For Sale: $ 599,990   |   MLS Number: 604734   |   Property Type: Triplex

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38 N IOWA Avenue Lower Chelsea, NJ
$ 599,990