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1406 Madison

Atlantic City, NJ 08401
  • $253,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 589967
Price Reduced
UPDATED: 22 min ago
$253,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Presenting an exceptional legal duplex in Atlantic City's Venice Park, featuring two units that offer an outstanding investment opportunity. The main unit, situated upstairs, showcases two main-floor bedrooms and a third-floor loft or bedroom, with potential yearly rent in the $2,000-$2,500 range. This unit has been partially renovated, with further updates in progress. Step outside to enjoy the new front porch, a deck at the rear of the house, and a brand-new terrace/porch on the 3rd floor. Not to mention adding new HVAC systems, new siding, and roof, with three sky windows on each floor of the home. On the ground level, Unit 1 is framed for a two-bedroom apartment with a kitchen and one bath. It awaits your personal touch to complete partial renovations throughout. With the potential to fetch in the $1,700 range per month in rent, this presents an exciting opportunity for a savvy investor. Selling as is. The buyer is responsible for obtaining the Certificate of Occupancy (CO) and any other certifications required for closing.

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© 2024 South Jersey Shore Regional MLS. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2024-11-11T17:49:55.19.
www.theoceansiderealtyteam.com/homes/156701104
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1406 Madison Atlantic City, NJ 08401

  • Price: $253,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 22 min ago
  • MLS #: 589967
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
Presenting an exceptional legal duplex in Atlantic City's Venice Park, featuring two units that offer an outstanding investment opportunity. The main unit, situated upstairs, showcases two main-floor bedrooms and a third-floor loft or bedroom, with potential yearly rent in the $2,000-$2,500 range. This unit has been partially renovated, with further updates in progress. Step outside to enjoy the new front porch, a deck at the rear of the house, and a brand-new terrace/porch on the 3rd floor. Not to mention adding new HVAC systems, new siding, and roof, with three sky windows on each floor of the home. On the ground level, Unit 1 is framed for a two-bedroom apartment with a kitchen and one bath. It awaits your personal touch to complete partial renovations throughout. With the potential to fetch in the $1,700 range per month in rent, this presents an exciting opportunity for a savvy investor. Selling as is. The buyer is responsible for obtaining the Certificate of Occupancy (CO) and any other certifications required for closing.
Exterior Features

Garage None Location See RemarksBoardwalk Area Lot Dimensions 2250 Outside Features CurbsDeckFenced YardSidewalks Parking Off Site Parking Siding Exterior BrickVinyl Storms Screens Screens Waterfront YN No

Interior Features

Air Conditioning CentralElectric Appliances Gas StoveMicrowaveRefrigerator Heating Forced AirGas-Natural Other Rooms Dining AreaKitchenLiving RoomLoft Water Heater Gas

Property Features

Adult Community /55+ No Age Range 25+ Years Approved Short Sale No Auction YN No Bank Owned Foreclosure No Lot Number 12 May Be Subject To Third Party Approval Short Sale No Multifamily Type Duplex New Construction No Number Of2 Bedroom Units 2 Rental Information See Remarks Sale Or Rent For Sale Separate Meters ElectricGas Sewer Public Sewer Suitable For Multi Family + Rooms Tax Year 2024 Taxes 4315 Water Public

South Jersey Shore Regional MLS logo Listing information © 2024 South Jersey Shore Regional MLS.
Listing provided courtesy of WEICHERT REALTORS ASBURY GROUP-AC: .


© 2024 South Jersey Shore Regional MLS. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2024-11-11T17:49:55.19.
 
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