307 Grammercy Pl, Atlantic City, NJ 08401

Property Description

Excellent opportunity to own a duplex just a short distance from the Atlantic City Boardwalk, beaches, ocean, casinos, dining, and entertainment. The property features a large downstairs studio currently occupied on a month-to-month basis, providing immediate rental income, while the upstairs 2-bedroom, 1-bath unit is currently being remodeled and offers additional upside. Located in an area experiencing significant growth and redevelopment, including nearby new residential construction planned by major builders such as K. Hovnanian Homes and Ryan Homes. The nearby Terraces at Absecon Inlet project is expected to bring 38 new townhomes to the Inlet area as part of ongoing neighborhood revitalization. Perfect for an investor or owner-occupant looking to live in one unit while renting the other to help offset mortgage costs. Qualified buyers may be able to take advantage of FHA financing with as little as 3.5% down.