7 South Delancy Place

Atlantic City, NJ 08401

$475,000
Last Sold Price
Beds
3,428 Sq. Ft.
$139 / Sq. Ft.
3,428
Sq. Ft.
$139
per Sq. Ft.

Description

This Southside Duplex in the desirable Lower Chelsea neighborhood is the one you've been waiting for! Less than 2 BLOCKS FROM THE BEACH and a stone's throw to many great restaurants, this home offers endless possibilities making it an ideal investment in a great location. Total of 9 bedrooms and 8 bathrooms! Live in one unit and rent out the other, split units among family and enjoy all the shore lifestyle has to offer, or continue to keep the units fully rented as an investment. Currently fully...This Southside Duplex in the desirable Lower Chelsea neighborhood is the one you've been waiting for! Less than 2 BLOCKS FROM THE BEACH and a stone's throw to many great restaurants, this home offers endless possibilities making it an ideal investment in a great location. Total of 9 bedrooms and 8 bathrooms! Live in one unit and rent out the other, split units among family and enjoy all the shore lifestyle has to offer, or continue to keep the units fully rented as an investment. Currently fully leased with good, long term tenants and bringing in a total of $4,350 per month in rent. Inquire for full income, expenses, and lease expirations. Unit 1 has four (4) bedrooms and four (4) bathrooms. The upper unit is two stories containing five (5) bedrooms and four (4) full bathrooms; this place is massive! Roof is in good condition. Separate gas powered boilers for the baseboard heat, one just installed a few years ago and the other recently serviced in good condition. Look around; this is the best buy on the market and will not last!
  1. Listed by Nicolas Gaspari • Soleil Sotheby's International Realty - A

Property Details for 7 South Delancy Place

City/Community
Atlantic City
Class
MULTI-FAMILY
Parking - Exterior
One Car
Waterfront (Y/N)
No
Zoned
R-2

Location

Listing Courtesy of Soleil Sotheby's International Realty - A

Sold By BOARDWALK REALTY

Add your commute
LISTING UPDATED: 04/26/2024 03:38 PM

Property Details for 7 South Delancy Place

StatusSold
MLS #577846
Days on Market168
Taxes$10,179 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built1920
Lot Size0.07 AC / 3,150 SF
CountyAtlantic County

Location

Listing Courtesy of Soleil Sotheby's International Realty - A

Sold By BOARDWALK REALTY

Add your commute

Building Information for 7 South Delancy Place

Stories-Residences2Year Built1920Building Size-Lot Size0.07 AC / 3,150 SF

Payment Calculator

$3,441 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$848

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 South Delancy Place

Summary
Location and General Information
  • Address: 7 S Delancy Pl
  • Address Direction: S
  • Address Number: 7
  • Address Search Number: 7
  • Address Street: Delancy
  • Area: Atlantic City
  • County: Atlantic
  • Directions: Driving South on Ventnor Ave, make a left onto South Delancy Pl.
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Pl
  • Zip: 08401
Parking
  • Garage: One Car
Taxes and HOA Information
  • LVT Date: 09-15-2023
  • Tax Year: 2022
  • Taxes: 10179
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 3428
  • Block #: 22
  • Lot #: 204
  • Lot Dimensions: 42x75
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 1
  • Doc Timestamp: 02-05-2024
  • Estate Y/N: No
  • Improved Value: $204,300
  • Land Value: $65,200
  • Property Id: 02-00204-0000-00022
  • Total Assessment: 269500
  • Water: Public
  • Year Built: 1920
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Concrete
Interior Features
  • Air Conditioning: Window Units
  • Heating: Baseboard, Gas-Natural, Hot Water
Multi Family
Multi-Family Information
  • Annual Insurance: 2200
  • Annual Maintenance: 2000
  • Annual Taxes: 10179
  • Annual Water: 1350
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Owner Occupied (Y/N): No
  • Rental Information: 100 Percent Occupancy, See Remarks, Yearly
  • Suitable For: Condo Conversion, Multi Family + Rooms, Other (See Remarks)
  • Total Expense: 15729
  • Total Income: 52800

Property History for 7 South Delancy Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7 South Delancy Place

Taxable ValueLand$65,200Additions$204,300Total$269,500
Tax Record2022$10,179 ($848 / month)
Home Facts
Beds0Total Finished SqFt3,428 SqFtAbove Grade Finished SqFt3,428 SqFtStories3Lot Size3,149 SqFtStyleSingle Family ResidenceYear Built1920ZoningR-2CountyATLANTICAPN02 00204-0000-00022

Schools near 7 South Delancy Place

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
Richmond Avenue 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.

Neighborhood Map and Transit

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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 Soleil Sotheby's International Realty - A

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.