For Sale 1515 PENROSE, Atlantic City, NJ, 08401

Renovation on this charming twin home has begun. The Kitchen has been updated with new cabinets and appliances, new wood look laminate flooring has been installed on the first floor, the windows have been replaced on the first Floor and the electrical service in the house has been updated. Being sold “as is” with buyer responsible for all inspections and certifications. There’s a bedroom and bath on the first floor and 3 more bedrooms and a bath on the second floor.

Welcome home, experience Atlantic City, and all it has to offer in this spacious, well appointed, 3-bedroom, 1.5 bath home, located in the desirable Venice Park neighborhood. Known for its iconic boardwalk, vibrant casinos, and lively entertainment scene, Atlantic City also offers beautiful beaches, rich history, and a thriving community spirit. This recently updated, turnkey property is suitable for many types of usage. Offering a great neighborhood vibe for the single family homeowner,turnkey opportunity for investors looking to expand their portfolio, or seeking a potentially profitable rental opportunity. Enjoy relaxing on the front porch, or sipping coffee on the back deck. Upon entering, you will feel at home. Accent walls, a great layout, beautiful flooring, and a layout perfect for entertaining, add to the inviting feeling this home offers. For Airbnb investors: With an approximate average of $200 per night rate and average high occupancy rates in the area, this home offers lucrative potential, boasting cap rates between 11.85% and 15.41% or higher. For long-term rental owners: Enjoy stable income with average rents of $2,800 to $3,100 per month and a cap rate of approximately 11.34%. Perfect for families or first-time buyers, this freshly remodeled property combines comfort and convenience. Additionally, there are approximately $50,000 in grants available from the city or state, making this a fantastic opportunity. Don’t miss out on this exceptional home in the heart of Atlantic City!

**BUILDABLE LOT LOCATED IN VENICE PARK** This lot is ready for it\'s custom home. Lot Dimensions 50X91. Lot Acres 0.1041. Bulkhead approved, Plot Plan/Variance Plan approved and Plan of Survey complete..