1. New Jersey
2. Atlantic City
3. 1825 BEACH AVE

1825 BEACH AVE, Atlantic City, NJ 08401

• 3 beds |
• 1 bath |
• 1,073 sqft

Property Description

What better way to spend summer then at your own shore home. Back on the market due to no fault of the sellers! The previous buyers were unable to secure financing. This home may be eligible for several different grants if you qualify. Atlantic County Improvement Authority-will give 10% down and up to $5k for closing costs, to qualified buyers Walking distance to local recreation, 1825 Beach Ave features quartz countertops, lvp flooring, stainless steel appliances. In addition, the roof and HVAC were updated in 2021, the kitchen boasts an island and leads to an open living room and dining room. These updates and floorplan make this home perfect for entertaining. The backyard features a generous sized deck to enjoy summer nights, sip your coffee in the morning, and entertain. The garage offers additional space for storage. Investor opportunity! This property was a profit generating Air BnB but is suitable as a single family primary residence or vacation use as well. C/O has been obtained, and sellers are fully ready to proceed. Good 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 10.19% and 13.51% 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! Walking distance to local recreation, 1825 Beach Ave features quartz countertops, lvp flooring, stainless steel appliances. In addition, the roof and HVAC were updated in 2021, the kitchen boasts an island and leads to an open living room and dining room. These updates, and floorplan make this home perfect for entertaining. The back yard features a generous sized deck to enjoy summer nights, sip your coffee in the morning, and entertain. The garage offers additional space for storage. Investor opportunity! This property is currently a profit generating air bnb, but is suitable for single family primary residence or vacation use as well. 1825 Beach Ave can be purchased independently or part of a package with 1521 N Michigan Ave, Atlantic City, and 1530 Beach Avenue, Atlantic City NJ with possible financing assumption and lender/bank approval. Here is your chance to buy 3 shore homes for 799k. Perfect for families or first-time buyers, air bnb investors, or long-term rental investors, 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! *Furniture negotiable*

Listing Status:

Pending

Listing Office:

RE/MAX Community-Williamstown : 8563182313

Listing Agent:

Christie Louise Wagner : 8563889440

MLS ID:

NJAC2015530

Interior

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Christie Louise Wagner, RE/MAX Community-Williamstown