114 North Mississippi Avenue
114 North Mississippi Avenue
$545,000
—
3,338
3,338
$163
Description
Legal 6 units! Phenomenal location across from Tanger outlets and Arts Garage. Designated Arts and Tourism district with iconic White House subs and Angelo's Fairmount Tavern at each corner. Close to Train and bus terminals, hospital, Casinos & more. 92 walk Score. A Walker’s Paradise. All units 1 Bedroom, 1 Bath. Rental income is projected at 100% occupancy. Rear unit is vacant and in need of renovation with projected rent at $995/month. All other units may require minor upgrading but...Legal 6 units! Phenomenal location across from Tanger outlets and Arts Garage. Designated Arts and Tourism district with iconic White House subs and Angelo's Fairmount Tavern at each corner. Close to Train and bus terminals, hospital, Casinos & more. 92 walk Score. A Walker’s Paradise. All units 1 Bedroom, 1 Bath. Rental income is projected at 100% occupancy. Rear unit is vacant and in need of renovation with projected rent at $995/month. All other units may require minor upgrading but are in good condition with Certificates of occupancy. Last unit rented for $995/month. Upgraded units could easily rent for $1,100/month. Tenants pay electric and heat (electric baseboard). Expenses are actual and provided by the Seller. Property has rear yard with shed that can be renovated to include coin op washer & dryer. Building is being sold AS-IS.
Property Details for 114 North Mississippi Avenue
City/Community
Atlantic City
ClassMULTI-FAMILY
Parking - ExteriorNone
Waterfront (Y/N)No
ZonedNC-2
Location
LISTING UPDATED: 05/11/2024 03:51 PM
Property Details for 114 North Mississippi Avenue
Status | Active |
---|---|
MLS # | 578990 |
Days on Market | 211 |
Taxes | $8,021 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTI-FAMILY / 4 - 10 Units |
Year Built | 1950 |
Lot Size | 0.04 AC / 1,820 SF |
County | Atlantic County |
Location
Building Information for 114 North Mississippi Avenue
Stories-Residences6Year Built1950Building Size-Lot Size0.04 AC / 1,820 SF
Payment Calculator
$3,643 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 114 North Mississippi Avenue
Property History for 114 North Mississippi Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 114 North Mississippi Avenue
Taxable ValueLand$60,000Additions$165,000Total$225,000
Tax Record2022$8,498 ($708 / month)
Home Facts
Total Finished SqFt3,338 SqFtAbove Grade Finished SqFt3,338 SqFtStories3Lot Size1,820 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningNC-2CountyATLANTICAPN02 00337-0000-00024
Schools near 114 North Mississippi Avenue
This home is within Atlantic City Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Texas Avenue Elementary School PublicK to 8 | ||
Atlantic City High School Public9 to 12 | ||
Our Lady Star Of The Sea Regional PrivatePK to 8 |
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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.