1406 Madison Avenue

Atlantic City, NJ 08401

$253,000
Price
Beds
1,418 Sq. Ft.
$178 / Sq. Ft.
1,418
Sq. Ft.
$178
per Sq. Ft.

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.
  1. Listed by Silvette Rivera • WEICHERT REALTORS ASBURY GROUP-AC

Property Details for 1406 Madison Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No
Zoned
R-1
LISTING UPDATED: 11/04/2024 12:00 PM

Property Details for 1406 Madison Avenue

StatusActive
MLS #589967
Days on Market43
Taxes$4,315 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built1900
Lot Size2250.00 AC / 98,010,000 SF
CountyAtlantic 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

Summary
Location and General Information
  • Address: 1406 Madison Ave
  • Address Number: 1406
  • Address Search Number: 1406
  • Address Street: Madison
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Venice Park Area on Madison Between Riverside Ave and Morningside Ave
  • Fips Code: 34001
  • Location: See Remarks, Boardwalk Area
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 10-13-2024
  • Tax Year: 2024
  • Taxes: 4315
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 1418
  • Block #: 684
  • Lot #: 12
  • Lot Dimensions: 2250
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • Improved Value: $96,000
  • Land Value: $29,000
  • New Construction: No
  • Total Assessment: 125000
  • Water: Public
  • Year Built: 1900
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Deck, Fenced Yard, Sidewalks
  • Siding/Exterior: Brick, Vinyl
  • Storms/Screens: Screens
Interior Features
  • Air Conditioning: Central, Electric
  • Appliances: Gas Stove, Microwave, Refrigerator
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Dining Area, Kitchen, Living Room, Loft
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 2
  • Annual Taxes: 4315
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Owner Occupied (Y/N): Yes
  • Rental Information: See Remarks
  • Separate Meters: Electric, Gas
  • Suitable For: Multi Family + Rooms

Property History for 1406 Madison 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 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.

Similar Homes

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1406 Madison Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on October 11, 2024 by WEICHERT REALTORS ASBURY GROUP-AC, it's currently listed at $253,000. It has been on the market for a total of 43 days and was last sold on October 26, 2022. This listing's school district is Atlantic City Public School District. Nearby schools include Dr M L King Jr School Comp and Atlantic City High School. 1406 Madison Avenue is a 0-bed, 0-bath, 1,418 sqft multi-family home built in 1900.

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 WEICHERT REALTORS ASBURY GROUP-AC

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.