123 Oriental Ave Ave Atlantic City, NJ 08401

$425,000
123 Oriental Ave Ave, Atlantic City, NJ 08401
511256

Multi-Family Home for sale in Atlantic City, NJ

for $425,000. The lot size is 41 x 80.

Property Information

  • $425,000
  • Multi-Family
  • Duplex
  • Active
  • Lot size of 41 x 80
  • Atlantic City, NJ
  • South Inlet Neighborhood
  • Atlantic County
  • MLS/Web ID is 511256
  • Just Listed
  • Price Reduced

Description

This Is A Fantastic Opportunity To Take The Reins Of A Spacious, Fully Renovated Duplex On An Extra-Wide Lot Completed In 2017 And Intended To Serve As A Combination Owner/Renter Top/Bottom Use. This Property Is Located A Block Away From Both The Ocean And The Inlet, Where The Recent Reopening Of The Ocean Casino Has Awoken That High-Potential Pocket Of Atlantic City. Renting Just The Top Unit, The Owner Has Enjoyed More Than $16K In Rental Income Over The Summer, With Another $5K (And Counting) Booked For September And October. While The Bottom Unit Has Been Used Exclusively By The Owner, It Has The Same Amount Of Space And Similar Income Potential. The Second Floor, Which Serves As A Rental Unit, Has Four Bedrooms And 2.5 Baths, The First Floor Has Three Spacious Bedrooms and Two Full Bathrooms. Both Units Feature Gorgeous Oak Flooring, Fully Updated Kitchens With Stainless Steel Appliances, Five-Panel Hardwood Doors, More Than Two Dozen Newly Installed Double-Hung Windows, Five Fully Modernized Bathrooms, Plus Wainscot Walls And Subway Tiling Touches Throughout That Make This A True Pearl. The Renovation Also Lands You New HVAC Systems And Water Heaters For Both Units, And There Is A Full-Sized Basement With Large Washer & Dryer Units. To Top It Off Is A One-Car Garage Along With Enough Driveway Space To Fit At Least Three More Cars.

Room Information

  • Laundry Room
  • Living Room

Interior 8

Appliances

  • Dishwasher
  • Dryer
  • Electric Stove
  • Microwave
  • Refrigerator
  • Washer

Basement

  • 6ft+ Ceilings
  • Plumbed

Cooling System

  • Ceiling Fan(s)
  • Central Air

Furnished

  • Partial

Heating System

  • Gas
  • Hot Water Heater: Gas

Interior

  • Window Treatments

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 4

Driveway

  • Concrete Driveway

Exterior

  • Storms/Screens

Separate Utilities

  • Electric Meters
  • Gas

Siding

  • Brick

Miscellaneous 1

Location

  • Beach Block

† Excluded Feature

Listed By

Listing Agent: Dennis Deitch Jr.
Broker: Ocean City - WEICHERT, REALTORS® - The Asbury Group

123 Oriental Ave Ave, Atlantic City, NJ, 08401 is a Multi-Family Home for sale at $425,000 with a lot size of 41 x 80. The property's zip code is 08401 which is in Atlantic City, NJ

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Pricing History

Date Price Price Change Description
9/16/2018 $425,000 -14.83 % Price Change
9/16/2018 $499,000 Price Change
9/15/2018 $499,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Atlantic City $386,943 9 % below $199,900 53 % below
Multi-family listings in Atlantic City $418,121 2 % below $251,500 41 % below
Sold listings in Atlantic City $92,825 78 % below $74,500 82 % 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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