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207 GRAMMERCY PLACE, Atlantic City, NJ 08401
$435,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
3
baths
1,452
sqft
Built in
1997
An investor or beach bum's dream. This house can be sold individually or a rare opportunity to own the block and buy as part of a package with 201 Grammercy as well as 314 N Massachusetts just a few blocks away. If you've wanted to get into short term rentals, this is your chance to buy with everything turn key- management, furnishings, and a strong rental history! Just in time for summer in the desirable inlet area! This fully furnished, home is fee simple (no HOA) and has a renovated designer interior, newer bathrooms and open concept kitchen with quartz counters, perfect for entertaining. Just steps to the inlet boardwalk and 3 blocks to the beach on the northern end of AC yet close to all the action. This gorgeous home features two stories, central air, gas heat, recessed lighting, designer lighting fixtures, vinyl plank flooring and various upgrades throughout. The 3 bedrooms, master with en suite and laundry are on the second floor. The exterior features a front porch, a large driveway and a one car garage that is currently a party room. This property has successfully run as a short term rental with a $50-60k average revenue income. Please ask to see the investor packet for rental history, upgrades and comps that make this purchase a no brainer. Complete property management is already in place so this would be completely turn key with all future bookings included. Use as a vacation home and rent for extra income. Check out the virtual tour.
Features & Amenities
Interior
- General:
- Attic,Carpet,Ceiling Fan(s),Dining Area,Family Room Off Kitchen,Pantry,Recessed Lighting,Stall Shower,Tub Shower,Upgraded Countertops,Window Treatments
- Appliances:
- Dishwasher,Dryer,Microwave,Oven - Self Cleaning,Range Hood,Refrigerator,Stainless Steel Appliances,Washer,Water Heater
- Laundry:
- Upper Floor,Has Laundry
- Flooring:
- Ceramic Tile,Luxury Vinyl Tile,Partially Carpeted
- A/C:
- Central A/C
- Heating:
- Y, 90% Forced Air, Natural Gas
- Disability Feature:
- None
Exterior
- General:
- BBQ Grill,Exterior Lighting,Sidewalks,Sport Court,Street Lights, Above Grade,Below Grade
- Style:
- A-Frame
- Parking:
- Concrete Driveway
Construction
- Roofing:
- Shingle
- Windows:
- Double Hung
- General:
- Frame, 2, Crawl Space
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- ATLANTIC CITY SCHOOLS
- County:
- ATLANTIC
Lot
- Zoning:
- NEIR, 02-00121 02-00013
- Fencing:
- Fully
- Current Use:
- 0
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
Keller Williams Realty - Wildwood Crest, Marsha Straka
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Atlantic City, NJ
Housing
- Number of Units
- 19,924
- Median Home Value
- $148,087
- Median Rent
- $732
70.64% of housing units are renter occupied.
23.56% are vacant.
Commute
- Car
-
50.11%
- Public Transportation
-
17.43%
- Walk to Work
-
17.42%
- Work from Home
-
10.53%
- Other
-
2.79%
The median travel time to work is 20 minutes.
People
- Population
- 37,971
- Median Age
- 39.10
- Median Household Size
- 2.53
Education
- High School
-
33.13%
- Associate’s Degree
-
4.29%
- Bachelor’s Degree
-
12.33%
- Graduate Degree
-
6.09%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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