507 Adriatic Avenue

Atlantic City, NJ 08401

$255,000
Price
Beds
1,920 Sq. Ft.
$133 / Sq. Ft.
1,920
Sq. Ft.
$133
per Sq. Ft.

Description

Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the...Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the boardwalk, beaches, and casinos. Bungalow Park is on the rise, increasingly favored for investment and residential purposes. This duplex, is near dining, shopping, and cultural centers, providing all necessities within reach. Sold "as is," it's a smart buy in Atlantic City's upswing. It is ideal for investors seeking to merge lifestyle with opportunity. Inquire today to explore the possibilities at 507 Adriatic Ave.
  1. Listed by GORAN CEDEVSKI • BHHS FOX and ROACH-Northfield

Property Details for 507 Adriatic 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: 04/24/2024 11:08 AM

Property Details for 507 Adriatic Avenue

StatusActive
MLS #579721
Days on Market171
Taxes$3,894 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.06 AC / 2,656 SF
CountyAtlantic County

Location

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

Building Information for 507 Adriatic Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.06 AC / 2,656 SF

Payment Calculator

$1,716 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,392

Property Taxes

$325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507 Adriatic Avenue

Summary
Location and General Information
  • Address: 507 Adriatic Ave Ave
  • Address Number: 507
  • Address Search Number: 507
  • Address Street: Adriatic Ave
  • Area: Atlantic City
  • County: Atlantic
  • Directions: 507 Adriatic Ave, house on the left
  • Fips Code: 34001
  • Location: See Remarks
  • State: NJ
  • Street Designation: Ave
  • Zip: 08401
Owner
  • Owner: On record
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 11-15-2023
  • Tax Year: 2022
  • Taxes: 3894
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 1920
  • Block #: 550
  • Lot #: 9
  • Lot Dimensions: 25 x 106.25 irr
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 103100
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: Curbs, Deck, Needs Work, Sidewalks
  • Siding/Exterior: Stucco
  • Storms/Screens: Combination, Screens
Interior Features
  • Air Conditioning: Window Units
  • Appliances: Gas Stove, Refrigerator
  • Heating: Baseboard, Gas-Natural
  • Other Rooms: Kitchen, Living Room
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 2
  • Annual Taxes: 3894
  • Available: Lease Information
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Rental Information: 100 Percent Occupancy, Yearly
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Level: Lower
  • Unit 1 Rent: 975
  • Unit 1 Rooms: 4
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Level: Upper
  • Unit 2 Rent: 1075
  • Unit 2 Rooms: 4

Property History for 507 Adriatic 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 507 Adriatic Avenue

Taxable ValueLand$30,600Additions$72,500Total$103,100
Tax Record2022$3,894 ($325 / month)
Home Facts
Beds0Total Finished SqFt1,904 SqFtAbove Grade Finished SqFt1,904 SqFtStories2Lot Size2,656 SqFtStyleSingle Family ResidenceYear Built1900ZoningR-1CountyATLANTICAPN02 00550-0000-00009

Schools near 507 Adriatic 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
Uptown School Complex Elementary School
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

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Similar Sold Homes

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507 Adriatic Avenue is a multi-family home for sale in Atlantic City, NJ 08401. This property was listed for sale on November 15, 2023 by BHHS FOX and ROACH-Northfield, it's currently listed at $255,000. It has been on the market for a total of 171 days and was last sold on December 8, 2020. This listing's school district is Atlantic City Public School District. Nearby schools include Uptown School Complex Elementary School and Atlantic City High School. 507 Adriatic Avenue is a 0-bed, 0-bath, 1,920 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.