518 Magellan Ave Atlantic City, NJ 08401

$279,900
518 Magellan Ave, Atlantic City, NJ 08401
Call 1-800-839-1363
486303

Multi-Family Home for sale in Atlantic City, NJ

for $279,900. The lot size is 31 X 100.

Property Information

  • $279,900
  • Multi-Family
  • Triplex
  • Active
  • Lot size of 31 X 100
  • Atlantic City, NJ
  • Bungalow Park Neighborhood
  • Atlantic County
  • MLS/Web ID is 486303

Description

Inlet Views ! An awesome income producing Triplex in Gardners Basin. Comes with a one bedroom and Two 2 bedrooms. $30, 000 plus income potential. First floor has seasonal rental and top floor has yearly rental. Very well maintained with pride by owners! Outside decks with views of bay.

Interior 5

Basement

  • Crawl Space

Cooling System

  • Central Air
  • Window Unit(s)

Heating System

  • Forced Air
  • Gas
  • Hot Water Heater: Gas

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 5

Exterior

  • Deck
  • Storms/Screens

Fence

  • Fenced Yard

Land Improvements

  • Sidewalks

Separate Utilities

  • Cable TV
  • Electric Meters
  • Gas
  • Heat

Siding

  • Aluminum
  • Brick

Miscellaneous 2

Location

  • Corner Lot

View

  • Water View

Rental 1

Lease Terms

  • Month to Month
  • Seasonal

† Excluded Feature

Listed By

Listing Agent: Richard Carroll
Broker: Ocean City - WEICHERT, REALTORS® - The Asbury Group

518 Magellan Ave, Atlantic City, NJ, 08401 is a Multi-Family Home for sale at $279,900 with a lot size of 31 X 100. The property's zip code is 08401 which is in Atlantic City, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Atlantic City $313,717 12 % above $169,900 39 % below
Multi-family listings in Atlantic City $265,668 5 % below $225,000 20 % below
Sold listings in Atlantic City $92,825 67 % below $74,500 73 % below

Get the facts about Atlantic City, NJ!

Population 37,943
Population Growth (since 2000) -6 %
Median Income $29,904
Median Age 37.54
Households w/ Children 30 %

Residential Dwellings

  • Owned 4410
  • Vacant 3887
  • Rented 10541

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