20 days on rocket

1816 Hummock Ave, Atlantic City, NJ, 08401

$399,900

Home List Price

$4,749*

Closing Credit

0 Baths
4,000 SqFt
$100/SqFt
Multi

Location

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1816 Hummock Ave, Atlantic City$399,900

Buyer Closing Credits

$4,749*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingThree or More Cars
Year Built1910
HeatingBaseboard
MLS #591120
StatusActive

About 1816 Hummock Ave

The money maker! This recently renovated duplec features a two story 4bdrom unit and a ground floor 3bdrm unit. Upstairs currently has tenants in place, and the ground floor is currently vacant, newly renovated, CO ready, no stairs and no carpet, has tiled flooring throughout the whole unit. Freshly painted and newer kitchen cabinets, counters, and applicances. Plenty of parking along the side of the property as well as street parking. Tenants only pay Electric! Both units are Section 8 approved, even the three bedroom is large enough for a family of 8!! At this price along with the new rents for 2025, this property is being sold a 15-16% Cap Rate!!! Unheard of gains for a duplex!!! Super low taxes, low maintanace property! Income and Expenses are available up request to qualified buyers. This property sits on a large L shaped lot that may be subdividable, a Survey is also available upon request to qualified buyers. The property also has its Lead Free Cretificate issued by the State allready in place. This is a legal duplex, and approved Land Uses are allready in place with the City. There should be no issues at all with this property, this is basically a turn key investment for beginners and experienced landlords alike!!

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 4,000 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Electric Stove, Refrigerator, Self Cleaning Oven
  • Basement: No

Exterior Features

Exterior Information:

  • Exterior: Curbs, Deck, Patio, Porch, Sidewalks

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

  • Heating: Baseboard

Other

Directions Information:

  • Directions: Take Martin Luther King to Hummock, duplex on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,900
  • Price Per SqFt: $100/SqFt

Tax Information:

  • Annual Amount: $5,227
  • 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

$239.6K

Med. Price/SqFt

$188

Avg. Days On Market

73

# of Sold Homes

34

1816 Hummock Ave vs Atlantic City

20 DAYS ON ROCKET

-53 Days

$399,900

+$160.2K More

$100/SqFt

-$88 Less

KEY TAKEAWAY

This property is $160.2K more than the Median Sold Price and $88/SqFt less than other homes in Atlantic City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #591120

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: 12/18/2024, 8:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 21, 2017Home Sold
$18,000
Sep 08, 2003Home Sold
$150,000
Aug 07, 2002Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,227$134,000
2019$5,179$130,000
2018$4,593$130,000
2017$7,906$231,100

History based on county public records data.

Payment Calculator

$2,063

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,265

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-4459957
3
/10

  • Brighton Avenue School

  • 30 N Brighton Ave

  • 0.91 miles

  • Public District Grades PK-5

school-card-donut-4459958
8
/10

  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 3.58 miles

  • Public District Grades PK-4

school-card-donut-4459959
9
/10

  • William H. Ross III Elementary School

  • 101 N Haverford Ave

  • 4.18 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 $46,667. The most common annual income of people living in Atlantic City, NJ is between $35k-100k. The majority of families are 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›1816 Hummock Ave

This home is located at 1816 Hummock Ave in Atlantic City, NJ and zip code 08401 in the Monroe Park neighborhood. This 4,000 square foot home was built in 1910. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $399,900.

While more than 4 listings in Atlantic City, NJ in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 17 were sold below. The number of listings in Atlantic City, NJ increased by 3.8% between October 2024 and November 2024. In November 2024, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $239,633.

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

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