Incredible Investment Opportunity – Perfect for Airbnb, Long-Term Rental, or First-Time Homebuyers!Nestled in the sought-after Chelsea Heights neighborhood, this elevated 3-bedroom, 1.5-bath home is packed with potential—whether you’re seeking a primary residence, vacation rental income, or a profitable long-term investment.Property Highlights:Gleaming hardwood floors throughoutSpacious fenced yard ideal for entertaining or relaxing outdoorsLarge side deck off the kitchen for additional outdoor living spaceRaised post-Hurricane Sandy with a ground level offering 6-foot ceilings—great for storage or future expansionNew HVAC system, two driveways, and three decksPrime location—just minutes from Atlantic City beaches, boardwalk, casinos, restaurants, and outlet shoppingFinancial Incentives:May qualify for up to 10% down payment and $5,000 in closing cost assistance through the Atlantic County Improvement AuthorityAdditional city and state grants of up to $50,000 may be available for eligible buyersAirbnb potential: Estimated nightly rates of $200–$300 with high occupancy in the areaLong-term rental income: Average monthly rents of $2,800–$3,100, yielding an attractive cap rate of approximately 11.34%All within walking distance to parks and recreation, and just a short drive to all the best Atlantic City has to offer.✨ Whether you're starting out or scaling up, this beautifully updated home is a rare find with outstanding income potential.📅 Schedule your private tour today!
Listed by:
BHHS Fox & Roach-Northfield
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Apr 4, 2025 | 8 days ago | Price decreased1,000 (0%) | $393,900 |
Apr 3, 2025 | 9 days ago | Price decreased4,100 (1%) | $394,900 |
Mar 25, 2025 | 18 days ago | New on market | $399,000 |