$1,781 Closing Credit¹
#592391, Listing office: BHHS FOX and ROACH-Margate
$150,000 List price
2834 Atlantic Ave Unit 505 Atlantic City, NJ 08401
$1,781
Closing credit¹
2 beds
1 full
Condo
Property details
About 2834 Atlantic Ave Unit 505
Fully Renovated 2BR Condo – 6.5% Cap Rate – Utilities Included – Priced to Move at $150,000 Investor Alert: This turnkey 2-bedroom, 1-bath unit in Brighton Towers won’t last long. Just blocks from the beach and Tropicana, Unit 505 has been fully renovated with a modern kitchen, updated bathroom, and a private balcony — a rare find in this high-rise. Currently renting for $2,000/month, the numbers speak for themselves: - Net Income: $9,780/year - Cap Rate: 6.52% at asking price - HOA: $827/month (includes gas, electric, and water) - Taxes: $208/month - HO6 Insurance: $150/month This unit is cash flow ready with no upfront rehab needed. Strong rental demand, low vacancy, and all utilities wrapped into one HOA bill make this a hands-off, passive income opportunity. - Perfect for: - Out-of-state investors - 1031 exchange buyers - New landlords looking for plug-and-play cash flow income and expense sheet on documents. ALERT! Buy now with a few Bitcoins or ask about Private Financing Available Starting at 10%.
Highlights
Home typeCondominium
HeatingElectric
StatusActive
ParkingSee Remarks
MLS #595977
Summary
- Full Bathrooms: 1
- Total Bedroom Count: 2
- Parking: See Remarks
- Heating: Electric
- List Price: $150,000
- HOA Amount: $827 Monthly
- Directions: Continue onto Arctic Ave .03 mi. Turn right onto N Brighton Ave .01 mi.Turn left onto Atlantic Ave.
- MLS Number: 595977
- Office Name: WEICHERT REALTORS ASBURY GROUP-AC
- Office Phone: (609) 344-6200
- Office Email: john@weichertoc.com
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 2:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$150,000
2834 Atlantic Ave Unit 505
$1,781
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Brighton Avenue School
Public District PK-5
0.1 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
2.8 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
3.4 mi
•101 N Haverford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,889. The most common annual income of people living in Atlantic City, NJ is less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
32%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
7%
Single, with Kids
19%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
25%
18-34 yrs old
45%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Chico's
Family Dollar
Burlington
Where do the neighbors go to eat?
Bob Evans
Burger King
Popeyes
What do the neighbors drive?
Oldsmobile
Buick
Dodge
What do the neighbors listen to?
News
Urban Contemporary
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
7 days on Rocket
$1,603 Closing Credit¹
#NJAC2019244, Michael E Brown, Listing office: RE/MAX ONE Realty-Moorestown
$1,781 Closing Credit¹
#595715, Listing office: BHHS FOX and ROACH-Margate
$1,721 Closing Credit¹
#595260, Listing office: eXp Realty-Atlantic City
$1,721 Closing Credit¹
#NJAC2018170, Georgeanna Tracey Newmones, Listing office: EXP Realty, LLC
$1,900 Closing Credit¹
#595428, Listing office: BOARDWALK REALTY
$1,899 Closing Credit¹
#593775, Listing office: Re/Max Select
4 days on Rocket
$1,651 Closing Credit¹
#596350, Listing office: HomeSmart First Advantage Realty - Northfield
$1,959 Closing Credit¹
#595400, Listing office: OCEAN CLUB REALTY
$2,018 Closing Credit¹
#593142, Listing office: BOARDWALK REALTY
Frequently asked questions
About 2834 Atlantic Ave Unit 505
The listing price of 2834 Atlantic Ave Unit 505 property is $150,000.
The property 2834 Atlantic Ave Unit 505 is a condo located in Atlantic City, New Jersey, 08401.
Active Listing: 2834 Atlantic Ave Unit 505 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2834 Atlantic Ave Unit 505 are: Brighton Avenue School (GreatSchools Rating 3/10), Ventnor Elementary School (GreatSchools Rating 8/10), William H. Ross III Elementary School (GreatSchools Rating 9/10), Texas Avenue School (GreatSchools Rating 2/10), Sovereign Avenue School (GreatSchools Rating 4/10), Richmond Avenue School (GreatSchools Rating 6/10), Atlantic City High School (GreatSchools Rating 2/10), Pleasantville High School (GreatSchools Rating 2/10), Mainland Regional High School (GreatSchools Rating 5/10).
The property at 2834 Atlantic Ave Unit 505 has 2 bedrooms and 1 bathroom.
This home is located at 2834 Atlantic Ave Unit 505 in Atlantic City, NJ and zip code 08401 in the Chelsea neighborhood. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $150,000.
Atlantic City, NJ housing market in May 2025 saw over 3 listings sold above listed price, more than 5 sold at listed price and over 15 sold below. The number of homes for sale in Atlantic City, NJ increased by 9.8% between April and May 2025. In May 2025, listings were on the market for 95 days. During the same period, the median list price in this real estate market was $246,000.
From Rocket Homes Real Estate and based on county public records data.