48 West Atlantic Avenue

Audubon, NJ 08106

$338,000
Last Sold Price
2
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.

Listing Agent

  1. Suzanne Hoover

    Suzanne Hoover

    Listing Agent

    Compass

Property Details for 48 West Atlantic Avenue

Tax ID Number
01-00066-00005 05
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
08-08-2024
Cross Street
W MERCHANT
LISTING UPDATED: 09/19/2024 10:24 PM

Property Details for 48 West Atlantic Avenue

StatusClosed
MLS #NJCD2073542
Days on Market19
Taxes$3,183 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1955
Lot Size0.02 AC / 995 SF
CountyCamden 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

Location
Location
  • Transportation: Airport less than 10 miles
  • School District Name: AUDUBON PUBLIC SCHOOLS
  • School District County ID: 300200396982
  • SchoolDistrictSource: Listing Agent
  • County: CAMDEN
  • MLS Area: Audubon Boro (20401)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2016
  • Tax Assessed Value: $95,000
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $77,900
  • City Town Tax: $0
  • Land Assessed Value: $17,100
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Historic: No
  • Zoning: RES
  • Tax Lot: 00005 05
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Financial Information
Financial Information
  • Annual Rental Income: $28,800
  • Existing Lease Type: Long Term
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16.58 x 60.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1769341
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street, Parking Lot
  • Parking Lot - # of Spaces: 4
  • Parking Features: Public
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Built-In Range, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Water Heater
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Sidewalks
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors

Property History for 48 West Atlantic 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 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.

Similar Homes

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Similar Sold Homes

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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.

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.