Bought with David M Siwy • Realty Mark Associates
$360,000
$379,900
5.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,088 SqFt
SOLD DATE : 06/18/2025
Key Details
Sold Price $360,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,088 sqft
Price per Sqft $330
Subdivision Atlantic City
MLS Listing ID NJAC2017780
Sold Date 06/18/25
Style Bungalow
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,088
Year Built 1960
Annual Tax Amount $5,910
Tax Year 2024
Lot Size 5,040 Sqft
Acres 0.12
Lot Dimensions 56.00 x 90.00
Property Sub-Type Detached
Source BRIGHT
Property Description
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 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.
✨ 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!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning R-2
Rooms
Basement Side Entrance
Main Level Bedrooms 3
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Atlantic City Schools
Others
Senior Community No
Tax ID 02-00769-00011
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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