James P. Monroe 609-399-4211
109 E 55th St., Ocean City
James P. Monroe 609-399-4211
109 E 55th St., Ocean City
$379,900
Office
609-399-4211Single Family
3
1
Incredible Investment Opportunity – Perfect for Airbnb, Long-Term Rental, or First-Time Homebuyers! Nestled in the sought-after Chelsea Heights neighborhood, this elevated 3-bedroom, 1.5-bath home is packed with potential—whether you’re seeking a primary residence, vacation rental income, or a profitable long-term investment. Property Highlights: Gleaming hardwood floors throughout Spacious fenced yard ideal for entertaining or relaxing outdoors Large side deck off the kitchen for additional outdoor living space Raised post-Hurricane Sandy with a ground level offering 6-foot ceilings—great for storage or future expansion New HVAC system, two driveways, and three decks Prime location—just minutes from Atlantic City beaches, boardwalk, casinos, restaurants, and outlet shopping Financial Incentives: May qualify for up to 10% down payment and $5,000 in closing cost assistance through the Atlantic County Improvement Authority Additional city and state grants of up to $50,000 may be available for eligible buyers Airbnb potential: Estimated nightly rates of $200–$300 with high occupancy in the area Long-term rental income: Average monthly rents of $2,800–$3,100, yielding an attractive cap rate of approximately 11.34% All within walking distance to parks and recreation, and just a short drive to all the best Atlantic City has to offer. ? Whether you\'re starting out or scaling up, this beautifully updated home is a rare find with outstanding income potential. ?? Schedule your private tour today!
| Total Rooms | 6 |
| Full Bath | 1 |
| # of Stories | |
| Year Build | |
| Lot Size | Less than One Acre |
| Tax | 5910.00 |
| SQFT |
| Exterior | Vinyl |
| ParkingGarage | None |
| AppliancesIncluded | Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Refrigerator, Washer |
| Heating | Forced Air, Gas-Natural |
| HotWater | Gas |
| Sewer | Public Sewer |
| Bedrooms | 3 |
| Half Bath | 1 |
| # of Stories | |
| Lot Dimensions | |
| # Units | |
| Tax Year | 2024 |
| Area | Atlantic City |
| OutsideFeatures | Deck, Fenced Yard, Paved Road, Shed, Sidewalks |
| OtherRooms | Dining Area, Dining Room, Laundry/Utility Room, Recreation/Family |
| Basement | 6 Ft. or More Head Room, Full, Inside Entrance |
| Cooling | Central |
| Water | Public |
