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4020 ATLANTIC AVE Atlantic City, NJ 08401
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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 Description No Pet Restrictions
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Bought with JoAnn Daly • New Era Real Estate
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