$269,900
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1521 N Michigan Avenue Atlantic City, NJ 08401 Municipality: Atlantic City
Other
Residence
3
Beds
2
Baths
...
Bed/Bath
864
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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!
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MLS#
NJAC2015534
Property Type
Other
Bedrooms
3
Bathrooms
1 Full/1 Half
Year Built
1900
Square Feet
864
sq. ft
Price per Sq. Ft.
$312.38
Lot Size
0.07
Stories
1.5
Sewer
Public Sewer
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