Atlantic City, NJ 08401,4020 ATLANTIC AVE
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Atlantic City, NJ 08401,4020 ATLANTIC AVE
Atlantic City, NJ 08401,4020 ATLANTIC AVE
Atlantic City, NJ 08401,4020 ATLANTIC AVE
Atlantic City, NJ 08401,4020 ATLANTIC AVE

$605,000

Est. payment /mo

$599,000

1.0%
Est.Price: ?

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4020 ATLANTIC AVE Atlantic City, NJ 08401

6 Beds

6 Baths

3,242 SqFt

SOLD DATE : 06/30/2023

Key Details

Sold Price $605,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,242 sqft

Price per Sqft $186

Subdivision Lower Chelsea

MLS Listing ID NJAC2008508

Sold Date 06/30/23

Style Other

Bedrooms 6

Full Baths 4

Half Baths 2

HOA Y/N N

Abv Grd Liv Area 3,242

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $21,109

Tax Year 2022

Lot Size 5,602 Sqft

Acres 0.13

Lot Dimensions 70.00 x 80.00

Property Description

LOCATION! LOCATION! LOCATION!

Welcome to 4020 Atlantic Avenue, this property is located in the Lower Chelsea section of Atlantic City, New Jersey, steps away from Ventnor. This home's desirable beach block location offers endless possibilities.

This historical property is being sold in "as-is" condition with fire damage resulting in the interior now down to the studs. The property is a great investment opportunity for those looking to renovate and bring this diamond in the rough back to life. The interior provides a blank slate for the new owners to customize and renovate to their personal tastes. The property has great potential to be transformed into a stunning family home, rental property, vacation home or someone looking to purchase beach block land for an amazing value!

Prior to the fire damage, there were 6 Bedrooms with views of the ocean from two decks. This home is very large and goes from one block to the other. There are three floors and has a basement, which is unusual in Atlantic City. The following work has been done in 2021 after the fire to secure the property:

• new windows
• new sliders
• new front door
• new roof

It is also a short walk to the boardwalk and beach, located across from the fire department and nearby to shopping, restaurants, and casinos. Minutes to Ventnor. Please refer to the drone photos.

This is ideal for experienced investors, contractors, or homebuyers looking for a project. With the right vision and expertise, this property could be transformed into a beautiful home or a profitable investment. Don't miss this opportunity to own a piece of Atlantic City history and create something truly special.

Buyers must do their due diligence as they will be responsible for the CO and any costs associated with it. The seller will not make any repairs. Cash or renovation loans only. Sellers inherited this property from their mother in 2023 and have never resided or occupied in the premises.

An estimate of repairs is available for review, illustrating the potential scope of renovations and the associated costs for this 'as-is' property."

All Showings to be done during the day as there is no electricity or plumbing on the property. Buyers must be accompanied by an agent at all times.

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning R-2

Rooms

Other Rooms Living Room, Dining Room, Kitchen, Laundry

Basement Full

Interior

Hot Water None

Heating None

Cooling None

Flooring Hardwood

Fireplaces Number 2

Fireplace Y

Heat Source Natural Gas Available

Exterior

Parking Features Basement Garage

Garage Spaces 1.0

Water Access N

View Ocean

Accessibility None

Attached Garage 1

Total Parking Spaces 1

Garage Y

Building

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Atlantic City Schools

Others

Pets Allowed Y

Senior Community No

Tax ID 02-00014-00001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

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Bright MLS (BMLS)
Listed by Donna Marisa Obrien • KW Jersey/Keller Williams Jersey
Bought with JoAnn Daly • New Era Real Estate

Meggie Carpenter

Advisor | License ID: 654291

+1(410) 303-9172

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