3 months on rocket

26 S Kentucky Ave, Atlantic City, NJ, 08401

$299,900

Home List Price

$3,561*

Closing Credit

0 Baths
3,072 SqFt
$98/SqFt
Multi
Schools Nearby

Location

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26 S Kentucky Ave, Atlantic City$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingThree or More Cars
Year Built1930
HeatingNatural Gas
CoolingCentral Air
WaterfrontWaterfront
ViewWater
MLS #580949
StatusActive

About 26 S Kentucky Ave

This multi-family property offers a fantastic investment opportunity in a prime location, just one block to the beach and boardwalk, this Legal 4unit building has major potential. Currently as it stands there is a ground floor commercial space that is ready for new tenants to customize and start their business. Additionaly on the ground floor is a one bedroom residential unit that has been successfully utilized as a short term rental on AirBnB generating enough steady cash flow to cover all of the buildings carrying costs. The second floor and third floor used each be a three bedroom, two full bathapartment, however the current owner has cobined them into one spacious residential unit that can accomadate up to 6 bedrooms and 4 bathrooms. This unit is currently under development and offers amplepotential for customization. The Airbnb unit is beautifully renovated and was completed as of July 2022. These renovations included all essentialupdates such as all new windows, an on demand tankless hot water heater, all new water supply & waste lines, upgraded electrical wiring,modern lighting & state of the art security cameras. The upstairs 2 story residential unit is under development and features all new Bay Windows, Upgraded Electrical Panel, and new water, waste, and gas lines are allready stubbed out. This is the unit that could be seperated back into two3bdrm units. The exterior of the building features all new steel exterior doors and was freshly painted along with the East side Mural in Oct 2023.Oil tank has also been removed in 2021. With its versatile layout and prime location, this property presents an excellent opportunity for investorsor those looking for a mixed use multi-family home in the heart of the cities commercial business district with great income potential. Don't missout on this chance to own or invest in a Value Add property with near endless possibilities. Buildable 4000+ sqft lot across the street at 27 S.Kentucky also available for sale. Any furthur questions regarding this property please contact your local Real Estate Agent asap. Floor plans and CRDA approved land use for 4 unit bldg are available upon request to qualified buyers.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 3,072 SqFt

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

Interior Features

Interior Information:

  • Appliances: Electric Stove, Refrigerator

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Water
  • Exterior: Curbs, Fenced Yard, Patio, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Three or More Cars

Lot Features

Lot Information:

  • Lot: Curbs, Fencing, Sidewalk

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: On S. Kentucky ave between Atlantic and Pacific Aves.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $98/SqFt

Tax Information:

  • Annual Amount: $5,886
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlantic City, NJ.

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Atlantic City, NJ

City

Med. Sold Price

$220.5K

Med. Price/SqFt

$196

Avg. Days On Market

53

# of Sold Homes

30

26 S Kentucky Ave vs Atlantic City

113 DAYS ON ROCKET

+60 Days

$299,900

+$79.4K More

$98/SqFt

-$98 Less

KEY TAKEAWAY

This property is $79.4K more than the Median Sold Price and $98/SqFt less than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #580949

Listing Office:

  • Office Name: WEICHERT REALTORS ASBURY GROUP-AC
  • Office Phone: (609) 344-6200

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 12:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,886$151,000
2019$7,346$184,400
2018$6,515$184,400
2017$6,308$184,400

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1251045
2
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 1.02 miles

  • Public District Grades KG-5

school-card-donut-1251046
7
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.78 miles

  • Public District Grades PK-4

school-card-donut-1251047
8
/10

  • William H. Ross III School

  • 101 N Haverford Ave

  • 4.34 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,279. Residents of Atlantic City, NJ typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Atlantic County›Atlantic City›08401›26 S Kentucky Ave

This home is located at 26 S Kentucky Ave in Atlantic City, NJ and zip code 08401 in the Downtown neighborhood. This 3,072 square foot home was built in 1930. It has been listed on Rocket Homes since January 04, 2024 and is currently priced at $299,900.

Atlantic City, NJ housing market in March 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 16 sold below. The inventory of homes for sale in Atlantic City, NJ between February 2024 and March 2024 increased by 3.5%. The median list price of listings available in March 2024 was $220,500, while the average time on the real estate market was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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