124 South Ocean Avenue

Atlantic City, NJ 08401

$425,000
Price
Beds
1,620 Sq. Ft.
$262 / Sq. Ft.
1,620
Sq. Ft.
$262
per Sq. Ft.

Description

Welcome to your dream home at 124 S Ocean Ave, Atlantic City, NJ 08401 – a remarkable rental opportunity that combines beachside living with modern luxury. This exquisite 4-story beach block home is located just one street away from the vibrant and newly revitalized South Tennessee Avenue, placing you within walking distance to some of the trendiest eateries, entertainment spots, and local attractions in Atlantic City. Legally zoned as a duplex, this property offers a unique opportunity to generate...Welcome to your dream home at 124 S Ocean Ave, Atlantic City, NJ 08401 – a remarkable rental opportunity that combines beachside living with modern luxury. This exquisite 4-story beach block home is located just one street away from the vibrant and newly revitalized South Tennessee Avenue, placing you within walking distance to some of the trendiest eateries, entertainment spots, and local attractions in Atlantic City. Legally zoned as a duplex, this property offers a unique opportunity to generate extra income. Whether you live in one unit and rent out the other or capitalize on the booming Airbnb market, the possibilities are endless. Situated just a short walk from the famous Atlantic City beach, this home provides unparalleled access to sun, sand, and surf, making it a highly desirable rental property for vacationers and long-term tenants alike Expansive Living Space: This home boasts 5 generously sized bedrooms and 3 full bathrooms, offering ample space for family, friends, and guests. The thoughtfully designed layout ensures privacy and comfort for everyone. Experience the perfect blend of historic charm and contemporary living with brand-new flooring throughout, a state-of-the-art hot water heater, and all-new, high-end appliances that cater to your every need. The property includes a dedicated laundry room for your convenience and a full basement providing abundant storage space or potential for additional living areas. Breathtaking Views: Ascend the convenient staircase to the 4th-floor deck and be captivated by the stunning panoramic views of Atlantic City and the sparkling Atlantic Ocean – an ideal spot for relaxation or entertaining guests. Dining and Entertainment: Enjoy the convenience of being close to South Tennessee Avenue's finest dining options, including trendy eateries, cafes, and bars that cater to all tastes and preferences. Benefit from nearby shopping centers, boutiques, and essential services, all within easy reach, ensuring you have everything you need at your fingertips. Excellent public transportation options make commuting and exploring Atlantic City and beyond a breeze. This property is more than just a house – it's a lifestyle. 124 S Ocean Ave offers an unparalleled combination of space, location, and modern amenities, perfect for large families, investors, or those seeking a luxurious beachside retreat. The opportunity to generate additional income through its duplex zoning adds significant value, making this an exceptional investment. Don't miss out on the chance to own a piece of Atlantic City's vibrant beach community. Schedule a viewing today and experience the unique charm and modern elegance of this remarkable home.
  1. Listed by GORAN CEDEVSKI • BHHS FOX and ROACH-Northfield

Property Details for 124 South Ocean Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No
LISTING UPDATED: 08/25/2024 10:56 AM

Property Details for 124 South Ocean Avenue

StatusActive
MLS #585677
Days on Market177
Taxes$5,219 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.02 AC / 806 SF
CountyAtlantic County

Building Information for 124 South Ocean Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.02 AC / 806 SF

Property Information for 124 South Ocean Avenue

Summary
Location and General Information
  • Address: 124 S Ocean Ave Ave
  • Address Direction: S
  • Address Number: 124
  • Address Search Number: 124
  • Address Street: Ocean Ave
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Pacific Avenue to Ocean makes a right towards the beach, and the house is on the right side.
  • Fips Code: 34001
  • Location: Boardwalk Area
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: On record
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 05-28-2024
  • Tax Year: 2023
  • Taxes: 5219
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 1620
  • Block #: 54
  • Lot #: 50
  • Lot Dimensions: 17.16 x 47
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 1
  • Doc Timestamp: 05-30-2024
  • New Construction: No
  • Total Assessment: 146400
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Porch, Sidewalks
  • Siding/Exterior: Brick, Vinyl
  • Storms/Screens: Combination
Interior Features
  • Air Conditioning: Window Units
  • Appliances: Gas Stove, Refrigerator
  • Basement: 6 Ft. or More Head Room, Inside Entrance, Unfinished
  • Heating: Baseboard, Gas-Natural
  • Other Rooms: Kitchen, Living Room
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 1
  • # of 3 Bedroom Units: 1
  • Annual Taxes: 5219
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Rental Information: See Remarks, Yearly
  • Suitable For: Multi Family + Rooms
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 3
  • Unit 1 Facing: East
  • Unit 1 Level: Lower
  • Unit 1 Rent: 2015
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Facing: East
  • Unit 2 Level: Upper
  • Unit 2 Rent: vacant

Property History for 124 South Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 South Ocean Avenue

Taxable ValueLand$53,200Additions$93,200Total$146,400
Tax Record2023$5,219 ($435 / month)
Home Facts
Beds0Total Finished SqFt1,620 SqFtAbove Grade Finished SqFt1,620 SqFtStories3Lot Size806 SqFtStyleSingle Family ResidenceYear Built1905ZoningRS-CCountyATLANTICAPN02 00054-0000-00050

Schools near 124 South Ocean Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
New York Avenue School
PublicPK to 8

Atlantic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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124 South Ocean Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on May 28, 2024 by BHHS FOX and ROACH-Northfield, it's currently listed at $425,000. It has been on the market for a total of 177 days and was last sold on June 25, 2021. This listing's school district is Atlantic City Public School District. Nearby schools include New York Avenue School and Atlantic City High School. 124 South Ocean Avenue is a 0-bed, 0-bath, 1,620 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS FOX and ROACH-Northfield

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.