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.
Combination, Concrete/Block, Vinyl Siding
Date | Details | Price | Change |
---|---|---|---|
Price Reduced | $379,900 | $14,000 (3.55%) | |
Price Reduced | $393,900 | $1,000 (0.25%) | |
Price Reduced (from $399,000) | $394,900 | $4,100 (1.03%) |
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Listing information last updated on June 18th, 2025 at 8:03pm CDT.