2809 Fairmount Avenue

Atlantic City, NJ 08401

$399,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a one-of-a-kind duplex with breathtaking views of the Bay of Atlantic City! Enjoy a great income stream from this fully occupied property, strategically nestled in a central location close to highways, beaches, and the vibrant activities on the island. This property boasts two distinct units – a cozy two-bedroom apartment and a spacious three-bedroom apartment. The second-floor unit elevates living to a new level with a charming porch, the perfect spot to unwind and soak in the panoramic...Introducing a one-of-a-kind duplex with breathtaking views of the Bay of Atlantic City! Enjoy a great income stream from this fully occupied property, strategically nestled in a central location close to highways, beaches, and the vibrant activities on the island. This property boasts two distinct units – a cozy two-bedroom apartment and a spacious three-bedroom apartment. The second-floor unit elevates living to a new level with a charming porch, the perfect spot to unwind and soak in the panoramic bay views. Both units are occupied by wonderful tenants who are up-to-date on rent, contributing $1275.00 and $1475.00 respectively. A lucrative investment opportunity awaits with reliable rental income of $33,000 a year! Situated street to street, convenience is key with street parking available both in front and behind the property. The location is unmatched - located in close proximity to the vibrant activities that Atlantic City has to offer and also close to Ventnor & Margate.
  1. Listed by EMILY CHRISTIAN • FARLEY and FERRY REALTY, INC

Property Details for 2809 Fairmount Avenue

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
None
Waterfront (Y/N)
No

Location

Listing Courtesy of FARLEY and FERRY REALTY, INC
Add your commute
LISTING UPDATED: 03/16/2024 11:12 AM

Property Details for 2809 Fairmount Avenue

StatusActive
MLS #581916
Days on Market83
Taxes$6,787 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size25.00 AC / 1,089,000 SF
CountyAtlantic County

Location

Listing Courtesy of FARLEY and FERRY REALTY, INC
Add your commute

Building Information for 2809 Fairmount Avenue

Stories-Residences2Year Built-Building Size-Lot Size25.00 AC / 1,089,000 SF

Payment Calculator

$2,743 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$566

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2809 Fairmount Avenue

Summary
Location and General Information
  • Address: 2809 Fairmount Ave
  • Address Number: 2809
  • Address Search Number: 2809
  • Address Street: Fairmount
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Take Fairmount Avenue to Iowa Avenue and it is on that block on right hand side
  • Fips Code: 34001
  • Location: See Remarks
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 02-06-2024
  • Tax Year: 2022
  • Taxes: 6787
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 378
  • Lot #: 5
  • Lot Dimensions: 25X80
Property and Assessments
  • Age: 21 to 25 Years
  • Associated Document Count: 2
  • Doc Timestamp: 02-06-2024
  • Improved Value: $126,700
  • Land Value: $53,000
  • New Construction: No
  • Total Assessment: 179700
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Electric, Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Bay View, Deck, Porch
  • Siding/Exterior: Aluminum, Masonry/Block
  • Storms/Screens: Combination, Screens
Interior Features
  • Air Conditioning: Wall Units
  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Heating: Gas-Natural
  • Other Rooms: Eat In Kitchen, Great Room, Kitchen
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 1
  • # of 3 Bedroom Units: 1
  • Annual Taxes: 6787
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Rental Information: 100 Percent Occupancy, Yearly
  • Separate Meters: Electric, Gas, Heat, Sewer, Water
Unit 1
  • Unit 1 Level: Lower
  • Unit 1 Rent: 1275
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 3
  • Unit 2 Facing: West
  • Unit 2 Level: Upper
  • Unit 2 Rent: 1475

Property History for 2809 Fairmount 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 2809 Fairmount Avenue

Taxable ValueLand$53,000Additions$126,700Total$179,700
Tax Record2022$6,787 ($566 / month)
Home Facts
Beds0Total Finished SqFt2,245 SqFtAbove Grade Finished SqFt2,245 SqFtStories2Lot Size1,999 SqFtStyleSingle Family ResidenceYear Built1900ZoningNC-1CountyATLANTICAPN02 00378-0000-00005

Schools near 2809 Fairmount Avenue

This home is within Atlantic City Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
BRIGHTON AVENUE SCHOOL
PublicPK to 5

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.

2809 Fairmount Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on February 6, 2024 by FARLEY and FERRY REALTY, INC, it's currently listed at $399,000. This listing's school district is Atlantic City Public School District. Nearby schools include BRIGHTON AVENUE SCHOOL, Atlantic City High School and Our Lady Star Of The Sea Regional. 2809 Fairmount Avenue is a 0-bed, 0-bath, 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 FARLEY and FERRY REALTY, INC

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.