131 N CONGRESS AVE Atlantic City, NJ 08401
3 Beds
3 Baths
1,064 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $300
Subdivision Atlantic City
MLS Listing ID NJAC2019486
Style Traditional
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,064
Year Built 2019
Annual Tax Amount $5,999
Tax Year 2024
Lot Size 1,037 Sqft
Acres 0.02
Lot Dimensions 25.00 x 41.50
Property Sub-Type Detached
Source BRIGHT
Property Description
The open‑concept layout features granite countertops, stainless steel appliances, and contemporary finishes throughout.
Investment highlights:
Long‑term rents estimated at $2,950–$3,100/month, supporting a Cap Rate of 7.7–8.1% and Cash‑on‑Cash Return of 7–8.6%. Seasonal short‑term rentals offer additional upside.
Bonus incentives: Seller is also willing to provide closing cost assistance and/or a furniture credit with acceptable terms (subject to final approval).
Located near the beach, casinos, Absecon Lighthouse, Steel Pier, and dining, this property combines lifestyle, location, and ROI. Schedule your showing today!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning RM-1
Rooms
Main Level Bedrooms 2
Interior
Interior Features Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions Kitchen Appliances.
Equipment Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
Fireplace N
Appliance Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
Heat Source Natural Gas
Laundry Hookup, Lower Floor
Exterior
Parking Features Garage - Front Entry
Garage Spaces 1.0
Water Access Y
View Ocean
Roof Type Architectural Shingle
Accessibility None
Attached Garage 1
Total Parking Spaces 1
Garage Y
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction Y
Schools
School District Atlantic City Schools
Others
Senior Community No
Tax ID 02-00307-00027
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
