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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!
| DAYS ON MARKET | 45 | LAST UPDATED | 4/14/2025 |
|---|---|---|---|
| TRACT | ATLANTIC CITY | YEAR BUILT | 1960 |
| COMMUNITY | Atlantic City (20102) | COUNTY | ATLANTIC |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | ATLANTIC CITY SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Apr 3, '25 | $399,000 |
|---|---|
| Apr 3, '25 - Apr 4, '25 | $394,900 |
| Apr 4, '25 - Apr 14, '25 | $393,900 |
| Apr 14, '25 - Today | $379,900 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Atlantic City (20102) |
| BASEMENT | Yes |
| CONSTRUCTION | Concrete, Vinyl Siding |
| HEAT | Central, Natural Gas |
| LOT | 5227 sq ft |
| LOT DIMENSIONS | 56.00 x 90.00 |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow |
| SUBDIVISION | ATLANTIC CITY |
| TAXES | 5910 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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