1530 Beach Ave Atlantic City, NJ 08401

Property Details for 1530 Beach Ave

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of three fully renovated single-family homes located in Atlantic City, New Jersey's vibrant Venice Park neighborhood. Each property boasts three bedrooms and features ranging from one to two bathrooms, offering comfortable and modern living spaces. All homes have been updated in 2023 and are currently generating income as successful short-term rentals, benefiting from the high demand driven by Atlantic City's thriving tourism industry. The properties are equipped with smart home technology, including TVs, locks, thermostats, and security cameras, enhancing both guest experience and operational efficiency. Each home includes a private driveway and a spacious backyard, with additional features such as sunrooms, basements, and decks. The asking price for the entire portfolio is $799,900, representing a price per unit of $266,633.33. The properties are zoned for single-family residential use (SFR). A significant advantage is the potential for assuming an existing loan of $547,000 covering the entire portfolio, offering flexible financing options. Individual property financing may also be available under separate terms. This portfolio presents a compelling investment opportunity in a high-demand coastal market with strong potential for both immediate income generation and long-term appreciation. The properties are located at 1530 Beach Ave, 1521 N Michigan Ave, and 1825 Beach Ave, all in Atlantic City, NJ 08401. Serious inquiries only