1406 Madison Ave, Atlantic City, NJ 08401 – 589967 - Joseph Lam

Atlantic City, NJ 08401,1406 Madison Ave

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$253,000

Est. payment - /mo

2 Beds

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UPDATED:

11/04/2024 05:00 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 589967

Bedrooms 2

Year Built 1900

Annual Tax Amount $4,315

Tax Year 2024

Property 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 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.

Location

State NJ

County Atlantic

Community Atlantic City

Area Atlantic City

Location Details See Remarks,Boardwalk Area

Rooms

Other Rooms Dining Area, Kitchen, Living Room, Loft

Interior

Heating Forced Air, Gas-Natural

Exterior

Exterior Feature Brick, Vinyl

Garage None

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

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South Jersey Shore Regional MLS (SJSRMLS)

Listed by WEICHERT REALTORS ASBURY GROUP-AC

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262