1521 N Michigan Ave Ave Pending Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 591387
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
Annual Tax Amount $5,055
Tax Year 2023
Property Sub-Type Single Family
Property Description
Welcome home, experience Atlantic City, and all it has to offer in this spacious, well appointed, 3-bedroom, 1.5 bath home, located in the desirable Venice Park neighborhood. Known for its iconic boardwalk, vibrant casinos, and lively entertainment scene, Atlantic City also offers beautiful beaches, rich history, and a thriving community spirit. This recently updated, turnkey property is suitable for many types of usage. Offering a great neighborhood vibe for the single family homeowner,turnkey opportunity for investors looking to expand their portfolio, or seeking a potentially profitable rental opportunity. Enjoy relaxing on the front porch, or sipping coffee on the back deck. Upon entering, you will feel at home. Accent walls, a great layout, beautiful flooring, and a layout perfect for entertaining, add to the inviting feeling this home offers. For Airbnb investors: With an approximate average of $200 per night rate and average high occupancy rates in the area, this home offers lucrative potential, boasting cap rates between 11.85% and 15.41% or higher. For long-term rental owners: Enjoy stable income with average rents of $2,800 to $3,100 per month and a cap rate of approximately 11.34%. Perfect for families or first-time buyers, this freshly remodeled property combines comfort and convenience. Additionally, there are approximately $50,000 in grants available from the city or state, making this a fantastic opportunity. Don't miss out on this exceptional home in the heart of Atlantic City!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Forced Air,Gas-Natural
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No