$550,000 Price Analysis    ♡   Atlantic City, NJ 08401 7 bed 3 bath 2,487 SqFt ($221/SqFt) 2,625SqFt lot. Listed 2024-07-09, Taxes $5,073 | Ⓧ USDA Ineligible due to location near Atlantic City |
Listing Attenton: This property offers a unique opportunity to own a charming duplex in a beach block location.
You can either build a trophy development with stunning panoramic waterfront views or keep the existing property and upgrade it for a phenomenal income through Airbnb rentals. This property is legally zoned as a duplex, providing the opportunity to generate extra income. You can live in one unit and rent out the other or take advantage of the booming Airbnb market. Located a short walk f rom the famous Atlantic City beach, this home is an ideal rental property for both vacationers and long-term tenants.
The property features 6 generously sized bedrooms and 2 bathrooms in the upstairs unit and one bedroom and one bathroom in the ground-level unit, providing ample space for family, friends and guests. The LH-2 Zoning District allows for multi-family, low-rise and mid-rise residential buildings, as well as restaurant and bar opportunities, non-casino hotels, townhouses and more. This is truly a unique opportunity that may be hard to come by again.
Presented by Goran Cedevski at
BHHS Fox & Roach Northfield.
Property MLS #586904 from AtlanticCity
Refrigerator
Heating Features: Gas-Natural, Radiator
Water Heaters: Gas
Curbs
Porch
Road Frontage Type: Ave
Lot Size Dimensions: 35 x 75
Lot Size Square Feet: 2625
Number of 4 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 6
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 2
Source Listing Status: Active
County: Atlantic
Directions: North on Pacific Ave, make right on Seaside. The property is close to the boardwalk
Tax Year: 2023
Source Property Type: MULTI-FAMILY
Area: Atlantic City
Source Neighborhood: Atlantic City
New Taxes Expense: 5375
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $71,000 + $71,300 $142,300 | $5,073 |
| 2022 | $71,000 + $71,300 $142,300 | $5,374 |
| 2021 | $71,000 + $71,300 $142,300 | $5,551 |
| 2020 | $71,000 + $71,300 $142,300 | $5,598 |
| 2019 | $35,000 + $35,000 $70,000 | $2,788 |
| 2018 | $35,000 + $35,000 $70,000 | $2,473 |
| 2017 | $42,000 + $36,800 $78,800 | $2,695 |
| 2016 | $60,000 + $60,000 $120,000 | $4,632 |
| 2015 | $65,000 + $85,000 $150,000 | $5,133 |
| 2014 | $65,000 + $85,000 $150,000 | $5,022 |
| 2013 | $122,600 + $149,000 $271,600 | $6,904 |
| 2012 | $122,600 + $149,000 $271,600 | $5,877 |
| 2011 | $122,600 + $149,000 $271,600 | $5,288 |
| 2009 | $122,600 + $149,000 $271,600 | $4,652 |
| 2008 | $122,600 + $149,000 $271,600 | $4,524 |
| 2007 | $7,000 + $39,400 $46,400 | $1,728 |
$550,000
AtlanticCity
Listing removed 2024-05-26
$460,000
AtlanticCity
Listed 2023-08-17
$460,000
AtlanticCity
Building Exterior Type: Vinyl
Year Built Details: 25+ Years
Water Source: Public
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.