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 throughout Spacious… Read More fenced yard ideal for entertaining or relaxing outdoors Large side deck off the kitchen for additional outdoor living space Raised post-Hurricane Sandy with a ground level offering 6-foot ceilings - great for storage or future expansion New HVAC system, two driveways, and three decks Prime location - just minutes from Atlantic City beaches, boardwalk, casinos, restaurants, and outlet shopping Financial Incentives: May qualify for up to 10% down payment and $5,000 in closing cost assistance through the Atlantic County Improvement Authority Additional city and state grants of up to $50,000 may be available for eligible buyers Airbnb potential: Estimated nightly rates of $200-$300 with high occupancy in the area Long-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. 2728; Whether you're starting out or scaling up, this beautifully updated home is a rare find with outstanding income potential. 1f4c5; Schedule your private tour today! Read Less
Courtesy of Raj Khullar, BHHS Fox & Roach-Northfield [email protected]
Listing Snapshot
Days Online
18
Last Updated
Property Type
Single Family Residential
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,088
Lot Size
0.12 Acres
Year Built
1960
MLS Number
NJAC2017780
30 Days Snapshot Of 08401
$310k
+110%
(avg) sold price
6
0%
homes sold
63
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Side Entrance
Building
1,088 sqft living area, 1,088 sqft above grade (finished), Built in 1960, Structure Type: Detached, 2 levels, Bungalow, Combination, Concrete, Vinyl Siding
Cooling
Central Air, Natural Gas, Central A/C
Accessibility Features
Other
Foundation
Concrete Perimeter
Heating
Natural Gas, Central
Lot
5,040 sqft, Lot Size Dimensions: 56.00 x 90.00, 0.12 acres
Property
Other Structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Tax Annual Amount: $5,910, Tax Year: 2024
Utilities
Hot Water: Natural Gas
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