1521 N Michigan Ave Ave, Atlantic City NJ 08401

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$269,900

1521 N Michigan Ave Ave, Atlantic City, NJ 08401

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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
Subdivision	-
County	Atlantic
Elementary School	-
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MLS number: 591387

Listing agent: Christie Wagner #2185996

Listing broker: Re/Max Community - Williamstown (856) 318-2313

Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, January 27 2025 at 4:15 p.m. EST

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