131 N CONGRESS AVE Active Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
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 2
Full Baths 2
Half Baths 1
Year Built 2019
Annual Tax Amount $5,999
Tax Year 2024
Lot Size 1,037 Sqft
Property Sub-Type Detached
Property Description
Priced to sell at $320,000, this brand‑new 2BD/2.5BA home with potential for a 3rd bedroom, just four blocks from Atlantic City's Boardwalk offers modern coastal living with strong investment appeal. Featuring three private balconies, en‑suite baths in every bedroom, and a private garage, it's ideal as a primary residence, vacation getaway, or income‑producing rental. Sellers are ready to make a deal — with additional benefits available if you work directly with the listing agent (subject to final seller approval).
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
Interior
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
Laundry Hookup,Lower Floor
Exterior
Parking Features Garage - Front Entry
Garage Spaces 1.0
Water Access Y
View Ocean
Roof Type Architectural Shingle
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction Y
Schools
School District Atlantic City Schools
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Special Listing Condition Standard