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$ 265,000
Est. payment /mo
Open Sun 10:30AM-12PM
1825 Beach Ave Atlantic City, NJ 08401
3 Beds
1 Bath
OPEN HOUSE
Sun Aug 03, 10:30am - 12:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 591389
Style Ranch
Bedrooms 3
Full Baths 1
Annual Tax Amount $6,245
Tax Year 2023
Property Sub-Type Single Family
Property Description
Back on the market due to no fault of the sellers! The previous buyers were unable to secure financing. This home may be eligible for several different grants if you qualify. Atlantic County Improvement Authority-will give 10% down and up to $5k for closing costs, to qualified buyers Walking distance to local recreation, 1825 Beach Ave features quartz countertops, lvp flooring, stainless steel appliances. In addition, the roof and HVAC were updated in 2021, the kitchen boasts an island and leads to an open living room and dining room. These updates, and floorplan make this home perfect for entertaining. The back yard features a generous sized deck to enjoy summer nights, sip your coffee in the morning, and entertain. The garage offers additional space for storage. Investor opportunity! This property was a profit generating air bnb, but is suitable for single family primary residence or vacation use as well. C/O has been obtained, and sellers are fully ready to proceed. Good 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 10.19% and 13.51% 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! *Furniture negotiable*
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Forced Air, Gas-Natural
Exterior
Parking Features One Car
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by RE/MAX COMMUNITY - Williamstown