1406 Madison Avenue
$253,000
—
1,418
1,418
$178
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...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.
- Listed by Silvette Rivera • WEICHERT REALTORS ASBURY GROUP-AC
Property Details for 1406 Madison Avenue
City/Community
Atlantic City
ClassMULTI-FAMILY
Parking - ExteriorOff Site Parking
Waterfront (Y/N)No
ZonedR-1
LISTING UPDATED: 11/04/2024 12:00 PM
Property Details for 1406 Madison Avenue
Status | Active |
---|---|
MLS # | 589967 |
Days on Market | 43 |
Taxes | $4,315 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTI-FAMILY / Duplex |
Year Built | 1900 |
Lot Size | 2250.00 AC / 98,010,000 SF |
County | Atlantic County |
Building Information for 1406 Madison Avenue
Stories-Residences2Year Built1900Building Size-Lot Size2250.00 AC / 98,010,000 SF
Property Information for 1406 Madison Avenue
Property History for 1406 Madison Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1406 Madison Avenue
Taxable ValueLand$29,000Additions$96,000Total$125,000
Tax Record2023$4,456 ($371 / month)
Home Facts
Beds0Total Finished SqFt2,462 SqFtAbove Grade Finished SqFt2,462 SqFtStories1Lot Size2,252 SqFtStyleSingle Family ResidenceYear Built1900ZoningR-1CountyATLANTICAPN02 00684-0000-00012
Schools near 1406 Madison 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 |
---|---|---|
Dr M L King Jr School Comp 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.
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