26 South Kentucky Avenue

26 South Kentucky Avenue

Atlantic City, NJ 08401

$299,900
Price
—
Beds
3,072 Sq. Ft.
$98 / Sq. Ft.
3,072
Sq. Ft.
$98
per Sq. Ft.
a view of a building with a street
a view of a house with a window
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator and a stove
a kitchen with a refrigerator and a stove
a bathroom with a toilet a sink and mirror
a bedroom with furniture and a rug
a bedroom with a bed and a mirror in it
a bathroom with a toilet and a mirror
a bathroom with a bathtub and a shower
a kitchen with stainless steel appliances a refrigerator and a stove top oven
a room with lots of wooden furniture
a living room with furniture and a window
a living room with furniture and a large window
a view of a room with gym equipment
a view of a hallway
a living room with fireplace furniture and a window
a room with a window
a living room with furniture and a table
a view of a room with gym equipment
a view of hall way with furniture and windows
a view of closet area
a view of hallway with stairs and a window
an empty room with windows
an empty room with wooden floor and windows
a view of street from balcony
a backyard of a house with flower pots
a glass door with a glass door and a door
a view of a room with gym equipment
a room with furniture and window
a view of a room with furniture and a window
a bathroom with a toilet and a sink

Description

This multi-family property offers a fantastic investment opportunity in a prime location, just one block to the beach and boardwalk, this Legal 4unit building has major potential. Currently as it stands there is a ground floor commercial space that is ready for new tenants to customize and start their business. Additionaly on the ground floor is a one bedroom residential unit that has been successfully utilized as a short term rental on AirBnB generating enough steady cash flow to cover all of the...This multi-family property offers a fantastic investment opportunity in a prime location, just one block to the beach and boardwalk, this Legal 4unit building has major potential. Currently as it stands there is a ground floor commercial space that is ready for new tenants to customize and start their business. Additionaly on the ground floor is a one bedroom residential unit that has been successfully utilized as a short term rental on AirBnB generating enough steady cash flow to cover all of the buildings carrying costs. The second floor and third floor used each be a three bedroom, two full bathapartment, however the current owner has cobined them into one spacious residential unit that can accomadate up to 6 bedrooms and 4 bathrooms. This unit is currently under development and offers amplepotential for customization. The Airbnb unit is beautifully renovated and was completed as of July 2022. These renovations included all essentialupdates such as all new windows, an on demand tankless hot water heater, all new water supply & waste lines, upgraded electrical wiring,modern lighting & state of the art security cameras. The upstairs 2 story residential unit is under development and features all new Bay Windows, Upgraded Electrical Panel, and new water, waste, and gas lines are allready stubbed out. This is the unit that could be seperated back into two3bdrm units. The exterior of the building features all new steel exterior doors and was freshly painted along with the East side Mural in Oct 2023. Oil tank has also been removed in 2021. With its versatile layout and prime location, this property presents an excellent opportunity for investorsor those looking for a mixed use multi-family home in the heart of the cities commercial business district with great income potential. Don't missout on this chance to own or invest in a Value Add property with near endless possibilities. Buildable 4000+ sqft lot across the street at 27 S. Kentucky also available for sale. Any furthur questions regarding this property please contact your local Real Estate Agent asap. Floor plans and CRDA approved land use for 4 unit bldg are available upon request to qualified buyers.
  1. Listed by GERARD (Jerry) BARKER • WEICHERT REALTORS ASBURY GROUP-AC

Property Details for 26 South Kentucky Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
Three or More Cars
Waterfront (Y/N)
No

Location

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
Add your commute
LISTING UPDATED: 04/25/2024 02:51 PM

Property Details for 26 South Kentucky Avenue

StatusActive
MLS #580949
Days on Market115
Taxes$5,383 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1930
Lot Size0.03 AC / 1,520 SF
CountyAtlantic County

Location

Listing Courtesy of WEICHERT REALTORS ASBURY GROUP-AC
Add your commute

Building Information for 26 South Kentucky Avenue

Stories-Residences3Year Built1930Building Size-Lot Size0.03 AC / 1,520 SF

Payment Calculator

$2,085 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$449

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 26 South Kentucky Avenue

Summary
Location and General Information
  • Address: 26 S Kentucky Ave
  • Address Direction: S
  • Address Number: 26
  • Address Search Number: 26
  • Address Street: Kentucky
  • Area: Atlantic City
  • County: Atlantic
  • Directions: On S. Kentucky ave between Atlantic and Pacific Aves.
  • Fips Code: 34001
  • Location: Boardwalk Area, Water View
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: 26 S Kentucky LLC
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 01-04-2024
  • Tax Year: 2023
  • Taxes: 5383
Property
Lot Information
  • Approved Short Sale?: N/A
  • Approx SQFT: 3072
  • Block #: 152
  • Lot #: 6
  • Lot Dimensions: 19x80
Property and Assessments
  • Associated Document Count: 1
  • Doc Timestamp: 01-04-2024
  • Estate Y/N: No
  • Total Assessment: 151000
  • Water: Public
  • Year Built: 1930
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Fenced Yard, Patio, Sidewalks
  • Siding/Exterior: Brick, Stucco
Interior Features
  • Air Conditioning: Central
  • Appliances: Electric Stove, Refrigerator
  • Heating: Gas-Natural
Multi Family
Multi-Family Information
  • Annual Taxes: 5383
  • Conforming (Y/N): Yes
  • Limited Service (Y/N): No
  • Number Of Units: 3
  • Owner Occupied (Y/N): No
  • Separate Meters: Electric, Gas

Property History for 26 South Kentucky 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 26 South Kentucky Avenue

Taxable ValueLand$37,000Additions$114,000Total$151,000
Tax Record2022$5,703 ($475 / month)
Home Facts
Total Finished SqFt3,072 SqFtAbove Grade Finished SqFt3,072 SqFtStories3Lot Size1,490 SqFtStyleMiscellaneous CommercialYear Built1930ZoningCBDCountyATLANTICAPN02 00152-0000-00006

Schools near 26 South Kentucky Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
New York Avenue School
Public - PK to 8
Atlantic City High School
Public - 9 to 12
Our Lady Star Of The Sea Regional
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.

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.

Homes for Sale near Downtown Atlantic City

Neighborhoods

Cities

ZIPs

More information about 26 South Kentucky Avenue, Atlantic City, NJ 08401

26 South Kentucky Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on January 4, 2024 by WEICHERT REALTORS ASBURY GROUP-AC, it's currently listed at $299,900. 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. 26 South Kentucky Avenue is a 0-bed, 0-bath, 3,072 sqft multi-family home built in 1930.

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 WEICHERT REALTORS ASBURY GROUP-AC

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.