114 North Mississippi Avenue

Atlantic City, NJ 08401

$545,000
Price
Beds
3,338 Sq. Ft.
$163 / Sq. Ft.
3,338
Sq. Ft.
$163
per Sq. Ft.

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
Class
MULTI-FAMILY
Parking - Exterior
None
Waterfront (Y/N)
No
Zoned
NC-2

Location

Listing Courtesy of BHHS FOX and ROACH-Northfield
Add your commute
LISTING UPDATED: 05/11/2024 03:51 PM

Property Details for 114 North Mississippi Avenue

StatusActive
MLS #578990
Days on Market211
Taxes$8,021 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1950
Lot Size0.04 AC / 1,820 SF
CountyAtlantic County

Location

Listing Courtesy of BHHS FOX and ROACH-Northfield
Add your commute

Building Information for 114 North Mississippi Avenue

Stories-Residences6Year Built1950Building Size-Lot Size0.04 AC / 1,820 SF

Payment Calculator

$3,643 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,974

Property Taxes

$668

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 114 North Mississippi Avenue

Summary
Location and General Information
  • Address: 114 N Mississippi Ave
  • Address Direction: N
  • Address Number: 114
  • Address Search Number: 114
  • Address Street: Mississippi
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Between Arctic & Fairmount on West Side of the street. Between White House Subs and Angelo's.
  • Fips Code: 34001
  • Location: See Remarks
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: Good Habitats LLC
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 10-22-2023
  • Tax Year: 2023
  • Taxes: 8021
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 3338
  • Block #: 24
  • Lot #: 337
  • Lot Dimensions: 18.2 x 100
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • Estate Y/N: No
  • Flood Plain (Y/N): Yes
  • Improved Value: $165,000
  • Land Value: $60,000
  • New Construction: No
  • Property Id: 02-00337-0000-00024
  • Total Assessment: 225000
  • Water: Public
  • Year Built: 1950
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Sidewalks
  • Siding/Exterior: Brick, Wood
  • Storms/Screens: Insulated Glass, Screens
Interior Features
  • Appliances: Electric Stove, Refrigerator
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 6
  • Annual Electric: 302
  • Annual Electric (O/T): Owner
  • Annual Gas: 700
  • Annual Gas (O/T): Owner
  • Annual Insurance: 4542
  • Annual Insurance (O/T): Owner
  • Annual Maint (O/T): Owner
  • Annual Maintenance: 1930
  • Annual Sewer: 1832
  • Annual Sewer (O/T): Owner
  • Annual Taxes: 8021
  • Annual Taxes (O/T): Owner
  • Annual Water: 1751
  • Annual Water (O/T): Owner
  • Available: Lease Information, State Housing Cert., Utility Information
  • Conforming (Y/N): Yes
  • Limited Service (Y/N): No
  • Number Of Units: 6
  • Owner Occupied (Y/N): No
  • Rent Control (Y/N): Yes
  • Rental Information: Yearly, See Remarks
  • Separate Meters: Electric
  • Suitable For: Condo Conversion
  • Total Expense: 19078
  • Total Income: 64740
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Level: Upper
  • Unit 1 Rent: 995
  • Unit 1 Rooms: 2
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Level: Upper
  • Unit 2 Rent: 730
  • Unit 2 Rooms: 2
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Level: Upper
  • Unit 3 Rent: 995
  • Unit 3 Rooms: 2
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Level: Upper
  • Unit 4 Rent: 840
Unit 5
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Level: Lower
  • Unit 5 Rooms: 2
Unit 6
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Level: Lower
  • Unit 6 Rent: 840
  • Unit 6 Rooms: 2

Property History for 114 North Mississippi 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 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

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114 North Mississippi Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on October 22, 2023 by BHHS FOX and ROACH-Northfield, it's currently listed at $545,000. It has been on the market for a total of 211 days and was last sold on August 7, 2009. This listing's school district is Atlantic City Public School District. Nearby schools include Texas Avenue Elementary School, Atlantic City High School and Our Lady Star Of The Sea Regional. 114 North Mississippi Avenue is a 0-bed, 0-bath, 3,338 sqft multi-family home built in 1950.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS FOX and ROACH-Northfield

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.