207 Grammercy Place Atlantic City, NJ 08401

$435,000
3
Beds
2.5
Baths
0.06
Acres
1,452
SQFT
300
$/SQFT
$435,000
3
Beds
2.5
Baths
1,452   sf
$300 / sf
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active
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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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Atlantic
  • Area
    Atlantic City
  • Tax Amount
    $5,600
  • Status
    Active
  • Listing #
    NJAC2013272
  • Built
    1997
  • Lot Size
    0.06
  • Listed on site
    116 days
  • Listing Agent Id
    302061422766

Listed by:
Keller Williams Realty - Wildwood Crest

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • Fence
  • Has garage
  • No Pool

Interior Features

  • Carpet Floors
  • Central Air Conditioning
  • Pantry

Style

  • A-Frame

Property History

DateDays AgoEventNew Price
Aug 7, 20243 mos agoPrice decreased4,900 (1%)$435,000
Jul 23, 20244 mos agoPrice decreased10,100 (2%)$439,900
Jul 16, 20244 mos agoNew on market$450,000
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