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1406 Madison Ave, Atlantic City, NJ 08401

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For Sale

$253,000

1,418 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $178.42
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 589967

Courtesy Of WEICHERT REALTORS ASBURY GROUP-AC

(609) 344-6200

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck, Dock
  • Appliances
    Microwave, Refrigerator
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    2,250 Acres
  • Rooms
    Kitchen, Living Room, Loft

Map and Directions

Directions to 1406 Madison Ave, Atlantic City, NJ 08401

Home seller CENTURY 21 Atlantic Professional Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atlantic Professional Realty

(609) 652-6000
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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