1521 N Michigan Ave
Atlantic City, NJ 08401
- 3 beds
- 1.5 baths
- – sqft
- 3,150 sqft lot
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!
Last checked:
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Last updated Jan 17, 2025
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MLS# 591387 —
This home is listed in more than one place. See it here.
The Building
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Style:bungalow
Location
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Latitude:39.373696
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Longitude:-74.44809
The Property
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Block #:683
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Lot #:20
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Lot Size:<1 acre
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Lot Dimensions:42x75
Listing Agent
- Contact info:
- Office phone:
- (856) 318-2313
Heating & Cooling
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Heating:forced air, natural gas
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Air Conditioning:central
Utilities
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Water:public
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Sewer:public sewer
The Community
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Adult Community/55+:No
Parking
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Parking Exterior:Three or More Cars
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Garage:None
Monthly cost estimate
Asking price
$269,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,445
|
| Taxes | $421 |
| Insurance | $74 |
| Utilities | N/A |
| Total | $1,940/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/10/24
Dec 10, 2024
|
Listed / Active | SJSRMLS | $269,900 | 12.9% (5.8% / YR) |
|
9/20/22
Sep 20, 2022
|
SJSRMLS | $239,000 | ||
|
7/29/22
Jul 29, 2022
|
SJSRMLS | $239,000 | 32.8% |
