1521 N MICHIGAN AVE Active Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
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
Welcome home, experience Atlantic City, and all it has to offer in this spacious, well appointed,
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