1406 Madison Avenue

Atlantic City, NJ 08401

$319,000
Price
Beds
1,418 Sq. Ft.
$225 / Sq. Ft.
1,418
Sq. Ft.
$225
per Sq. Ft.

Description

Investors, take note of this opportunity in Venice Park Atlantic City! This legal duplex is a great investment option for those looking to rent out on Airbnb or through annual rental agreements. Unit 2 Upstairs has two bedrooms on the main floor and one bedroom or loft on the 3rd floor. The kitchen and bathroom have been fully renovated, and the house is currently undergoing further renovations. There is a new front porch, a deck in the back of the house, and a new terrace/porch on the 3rd floor....Investors, take note of this opportunity in Venice Park Atlantic City! This legal duplex is a great investment option for those looking to rent out on Airbnb or through annual rental agreements. Unit 2 Upstairs has two bedrooms on the main floor and one bedroom or loft on the 3rd floor. The kitchen and bathroom have been fully renovated, and the house is currently undergoing further renovations. There is a new front porch, a deck in the back of the house, and a new terrace/porch on the 3rd floor. Additionally, there are new HVAC, gas stove, and refrigerator units. Ground-level Unit 1 is framed out for a two-bedroom apartment with a kitchen and 1 bath and needs partial renovations throughout. The buyer is responsible for all certifications, inspections, and CO. This property is easy to show, and there's a lockbox on the front door of Unit 1. Please call showing time to schedule a viewing.
  1. Listed by GORAN CEDEVSKI • BHHS FOX and ROACH-Northfield

Property Details for 1406 Madison Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No

Location

Listing Courtesy of BHHS FOX and ROACH-Northfield
Add your commute
LISTING UPDATED: 04/23/2024 04:12 PM

Property Details for 1406 Madison Avenue

StatusActive
MLS #584488
Days on Market11
Taxes$4,456 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.05 AC / 2,250 SF
CountyAtlantic County

Location

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

Building Information for 1406 Madison Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.05 AC / 2,250 SF

Payment Calculator

$2,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,741

Property Taxes

$371

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1406 Madison Avenue

Summary
Location and General Information
  • Address: 1406 Madison Ave Ave
  • Address Number: 1406
  • Address Search Number: 1406
  • Address Street: Madison Ave
  • Area: Atlantic City
  • County: Atlantic
  • Directions: WHP to the right on Riverside Drive to the right on Madison. PIQ on left
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: On record
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 04-23-2024
  • Tax Year: 2023
  • Taxes: 4456
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 1418
  • Block #: 684
  • Lot #: 12
  • Lot Dimensions: 30x75
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 125000
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Deck, Porch, Sidewalks
  • Siding/Exterior: Brick, Vinyl
  • Storms/Screens: Combination
Interior Features
  • Air Conditioning: Central, Electric
  • Appliances: Gas Stove, Microwave, Refrigerator
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Loft, Pantry
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 2
  • Annual Taxes: 4456
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Owner Occupied (Y/N): Yes
  • Separate Meters: Electric
  • Suitable For: Multi Family + Rooms
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Level: Lower
  • Unit 1 Rent: Vacant
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Level: Upper
  • Unit 2 Rooms: 5

Property History for 1406 Madison 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 1406 Madison Avenue

Taxable ValueLand$29,000Additions$96,000Total$125,000
Tax Record2022$4,721 ($393 / month)
Home Facts
Beds0Total Finished SqFt2,462 SqFtAbove Grade Finished SqFt2,462 SqFtStories1Lot Size2,252 SqFtStyleSingle Family ResidenceYear Built1900ZoningR-1CountyATLANTICAPN02 00684-0000-00012

Schools near 1406 Madison Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Dr M L King Jr School Comp
PublicPK to 8

Atlantic City High School
Public9 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

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.

1406 Madison Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on April 23, 2024 by BHHS FOX and ROACH-Northfield, it's currently listed at $319,000. It has been on the market for a total of 11 days and was last sold on October 26, 2022. This listing's school district is Atlantic City Public School District. Nearby schools include Dr M L King Jr School Comp and Atlantic City High School. 1406 Madison Avenue is a 0-bed, 0-bath, 1,418 sqft multi-family home.

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.