48 West Atlantic Avenue
$338,000
2
2
—
—
—
Closed 9/18/24
Description
Welcome to 48 W. Atlantic Ave, Audubon, NJ, a charming duplex situated in the heart of the town. This property boasts exceptionally low property taxes of just $3,707 annually, making it a standout investment opportunity. Located right off Merchant St, this duplex offers unparalleled convenience with ample parking available in the public lot adjacent to the home. Both units are currently occupied, generating a strong cash flow of $2,400 per month, ensuring a steady and reliable income stream. Each...Welcome to 48 W. Atlantic Ave, Audubon, NJ, a charming duplex situated in the heart of the town. This property boasts exceptionally low property taxes of just $3,707 annually, making it a standout investment opportunity. Located right off Merchant St, this duplex offers unparalleled convenience with ample parking available in the public lot adjacent to the home. Both units are currently occupied, generating a strong cash flow of $2,400 per month, ensuring a steady and reliable income stream. Each unit features one bedroom and one bathroom, with the first-floor unit having undergone renovations three years ago, including new cabinets, an updated bathroom, and new flooring throughout. The property's prime location allows residents to enjoy the small-town feel while being within walking distance of local shops, restaurants, and community amenities. With its modern updates, stable income, and incredibly low taxes, this duplex is an ideal investment for expanding your portfolio. Both units are currently rented. The lower unit lease is until September 2026. The second-floor lease is until June 30, 2025. The owner is honoring the lease agreements in place.
Property Details for 48 West Atlantic Avenue
Tax ID Number
01-00066-00005 05
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleOther
WaterfrontNo
GarageNo
Expected On Market Date08-08-2024
Cross StreetW MERCHANT
LISTING UPDATED: 09/19/2024 10:24 PM
Property Details for 48 West Atlantic Avenue
Status | Closed |
---|---|
MLS # | NJCD2073542 |
Days on Market | 19 |
Taxes | $3,183 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1955 |
Lot Size | 0.02 AC / 995 SF |
County | Camden County |
Building Information for 48 West Atlantic Avenue
Stories-Residences2Year Built1955Building Size-Lot Size0.02 AC / 995 SF
Property Information for 48 West Atlantic Avenue
Property History for 48 West Atlantic 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 48 West Atlantic Avenue
Taxable ValueLand$17,100Additions$77,900Total$95,000
Tax Record2023$3,708 ($309 / month)
Home Facts
Beds0Stories2Lot Size993 SqFtStyleSingle Family ResidenceCountyCAMDENAPN01 00066-0000-00005- 05
Schools near 48 West Atlantic Avenue
This home is within Audubon Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 6 | |||
Public - | 7 to 12 | |||
Private - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Haviland Avenue Elementary School PublicPK to 2 | ||
Mansion Avenue Elementary School Public3 to 6 | ||
Audubon High School Public7 to 12 | ||
Paul Vi High School Private9 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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