OPEN HOUSE
Sat Jan 18, 1:00pm - 2:30pm
UPDATED:
01/17/2025 09:58 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 864 sqft
Price per Sqft $312
Subdivision Venice Park
MLS Listing ID NJAC2015534
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 864
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,894
Tax Year 2024
Lot Size 3,149 Sqft
Acres 0.07
Lot Dimensions 42.00 x 75.00
Property Description
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
Area Atlantic City (20102)
Zoning R-1
Rooms
Basement Full, Outside Entrance
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Geo-thermal
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 1.5
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories 1.5
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Atlantic City Schools
Others
Senior Community No
Tax ID 02-00683-00020
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
