1521 North Michigan Avenue Atlantic City, NJ 08401

$269,900
3
Beds
1.5
Baths
0.07
Acres
864
SQFT
312
$/SQFT
$269,900
3
Beds
1.5
Baths
864   sf
$312 / sf
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active
1/30
Street View

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 itsiconic boardwalk, vibrant casinos, and lively entertainment scene, Atlantic City also offersbeautiful beaches, rich history, and a thriving community spirit. This recently updated, turnkeyproperty is suitable for many types of usage. Offering a great neighborhood vibe for the singlefamily homeowner, turnkey opportunity for investors looking to expand their portfolio, or seekinga potentially profitable rental opportunity. Enjoy relaxing on the front porch, or sipping coffee onthe back deck. Upon entering, you will feel at home. Accent walls, a great layout, beautifulflooring, 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 highoccupancy rates in the area, this home offers lucrative potential, boasting cap rates between11.85% and 15.41% or higher.For long-term rental owners: Enjoy stable income with average rents of $2,800 to $3,100 permonth and a cap rate of approximately 11.34%.Perfect for families or first-time buyers, this freshly remodeled property combines comfort andconvenience. Additionally, there are approximately $50,000 in grants available from the city orstate, making this a fantastic opportunity.Don’t miss out on this exceptional home in the heart of Atlantic City!

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 itsiconic boardwalk, vibrant casinos, and lively entertainment scene, Atlantic City also offersbeautiful beaches, rich history, and a thriving community spirit. This recently updated, turnkeyproperty is suitable for many types of usage. Offering a great neighborhood vibe for the singlefamily homeowner, turnkey opportunity for investors looking to expand their portfolio, or seekinga potentially profitable rental opportunity. Enjoy relaxing on the front porch, or sipping coffee onthe back deck. Upon entering, you will feel at home. Accent walls, a great layout, beautifulflooring, 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 highoccupancy rates in the area, this home offers lucrative potential, boasting cap rates between11.85% and 15.41% or higher.For long-term rental owners: Enjoy stable income with average rents of $2,800 to $3,100 permonth and a cap rate of approximately 11.34%.Perfect for families or first-time buyers, this freshly remodeled property combines comfort andconvenience. Additionally, there are approximately $50,000 in grants available from the city orstate, making this a fantastic opportunity.Don’t miss out on this exceptional home in the heart of Atlantic City!

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Atlantic
  • Area
    Atlantic City
  • Tax Amount
    $4,894
  • Status
    Active
  • Listing #
    NJAC2015534
  • Built
    1900
  • Lot Size
    0.07
  • Listed on site
    39 days
  • Listing Agent Id
    304561312944

Listed by:
RE/MAX Community-Williamstown

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Main Floor Bedroom

Style

  • Bungalow
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