1421 Drexel Avenue

Atlantic City, NJ 08401

$199,900
Price
Beds
1,248 Sq. Ft.
$160 / Sq. Ft.
1,248
Sq. Ft.
$160
per Sq. Ft.

Description

This is a legal duplex and a great opportunity for investment income or for someone to live in one unit and rent out the other. Each unit consists of 2 bedrooms and 1 bathroom. The 1st-floor unit is currently rented for $1,400.00 per month and has an up-to-date 1-year lease. The 2nd-floor unit will require renovation but has a potential rental income of $1,500.00 per month. The property is located in close proximity to the casinos and beaches of Atlantic City.This is a legal duplex and a great opportunity for investment income or for someone to live in one unit and rent out the other. Each unit consists of 2 bedrooms and 1 bathroom. The 1st-floor unit is currently rented for $1,400.00 per month and has an up-to-date 1-year lease. The 2nd-floor unit will require renovation but has a potential rental income of $1,500.00 per month. The property is located in close proximity to the casinos and beaches of Atlantic City.
  1. Listed by GORAN CEDEVSKI • BHHS FOX and ROACH-Northfield

Property Details for 1421 Drexel 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: 03/06/2024 02:19 PM

Property Details for 1421 Drexel Avenue

StatusActive
MLS #582823
Days on Market55
Taxes$2,795 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.02 AC / 1,014 SF
CountyAtlantic County

Location

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

Building Information for 1421 Drexel Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.02 AC / 1,014 SF

Payment Calculator

$1,324 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,091

Property Taxes

$233

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1421 Drexel Avenue

Summary
Location and General Information
  • Address: 1421 Drexel Ave Ave
  • Address Number: 1421
  • Address Search Number: 1421
  • Address Street: Drexel Ave
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Drexel Ave, Atlantic City
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: On record
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 03-04-2024
  • Tax Year: 2022
  • Taxes: 2795
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 1248
  • Block #: 457
  • Lot #: 9
  • Lot Dimensions: 0.0233
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 74000
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Porch, Sidewalks
  • Siding/Exterior: Brick
  • Storms/Screens: Combination
Interior Features
  • Air Conditioning: Electric, Window Units
  • Appliances: Gas Stove, Refrigerator
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Kitchen
Multi Family
Multi-Family Information
  • Annual Taxes: 2795
  • Available: Lease Information
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Rental Information: See Remarks, Yearly
  • Separate Meters: Electric, Gas, Hot Water
  • Total Income: 16800
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Level: Lower
  • Unit 1 Rent: 1400
  • Unit 1 Rooms: 4
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Level: Upper
  • Unit 2 Rooms: 4

Property History for 1421 Drexel 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 1421 Drexel Avenue

Taxable ValueLand$19,000Additions$55,000Total$74,000
Tax Record2022$2,795 ($233 / month)
Home Facts
Beds0Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories2Lot Size1,015 SqFtStyleSingle Family ResidenceYear Built1900ZoningRM-2CountyATLANTICAPN02 00457-0000-00009

Schools near 1421 Drexel Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
New York Avenue School
PublicPK 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.

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1421 Drexel Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on March 4, 2024 by BHHS FOX and ROACH-Northfield, it's currently listed at $199,900. It has been on the market for a total of 55 days and was last sold on May 13, 2021. This listing's school district is Atlantic City Public School District. Nearby schools include New York Avenue School, Atlantic City High School and Our Lady Star Of The Sea Regional. 1421 Drexel Avenue is a 0-bed, 0-bath, 1,248 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.