CALLING ALL INVESTORS!!! HERE IS A 2 FAMILY JUST BLOCKS FROM THE BEACH, PARK, AQUARIUM, RESTAURANTS AND MORE! THE WATER IS ALL AROUND READY TO ENJOY & WITH CASINOS CLOSE BY. THIS NEIGHBORHOOD IS UP AND COMING. 4 BEDROOMS AND 2 BATH TOTAL READY FOR YOUR VISION! AND NEW CONSTRUCTION ALL AROUND. DON'T MISS THIS OPPORTUNITY IN THE HEART OF ATLANTIC CITY!!
Remarks Public: CALLING ALL INVESTORS!!! HERE IS A 2 FAMILY JUST BLOCKS FROM THE BEACH, PARK, AQUARIUM, RESTAURANTS AND MORE! THE WATER IS ALL AROUND READY TO ENJOY & WITH CASINOS CLOSE BY. THIS NEIGHBORHOOD IS UP AND COMING. 4 BEDROOMS AND 2 BATH TOTAL READY FOR YOUR VISION! AND NEW CONSTRUCTION ALL AROUND. DON'T MISS THIS OPPORTUNITY IN THE HEART OF ATLANTIC CITY!!
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Fireplace: No
Total Sq Ft: 1543
Living Area Sq Ft: 1543
Price Per Sq Ft: 123.14
Above Grade Finished Sq Ft: 1543
Above Grade Finished Area Units: Square Feet
Street Number Modifier: 714
Exterior Features
Other Structures: Above Grade, Below Grade
Construction Materials: Brick
Water Access: No
Waterfront: No
Water Oriented: No
Pool: No Pool
Tidal Water: No
Water View: No
Garage/Parking
Garage: No
Utilities
Central Air Conditioning: No
Heating: Yes
Sewer/Septic System: Public Sewer
Water Source: Public
Condo/Co-op/Association
Association Recreation Fee: No
Schools
School District: ATLANTIC CITY SCHOOLS
School District Key: 300200396906
School District Source: Listing Agent
Lot Info
Lot Size Acres: 0.02
Lot Size Units: Square Feet
Lot Sq Ft: 1015.00
Year Assessed: 2022
Zoning: RM-1
Rental Info
Vacation Rental: No
Tax Info
Tax Annual Amount: 2878.00
Assessor Parcel Number: 02-00433-00008
Tax Lot: 00008
County Tax Payment Frequency: Annually
Tax Year: 2022
Close Date: 10/04/2024
MLS Schools
School District Name: ATLANTIC CITY SCHOOLS
Ownership History
DateNameOwned ForOwner Type
Oct 2024 - PresentSabba Daniel and Wiessel Sean Michael10 Months
Private Individual
Purchase Details
Listed on
May 28, 2024
Closed on
Oct 3, 2024
Sold by
714 Drexel Corporation
Bought by
Sabba Daniel and Wiessel Sean Michael
Seller's Agent
Farhan Yousufi
Keller Williams City Views
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$190,000
Sold Price
$190,000
Views
97
Current Estimated Value
$197,687
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,687
Avg. Annual Appreciation
6.80%
Original Mortgage
$142,500
Outstanding Balance
$141,081
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$59,707
Jun 2022 - Oct 2024714 Drexel Corporation2 Years and 4 Months
Company
Purchase Details
Closed on
Jun 16, 2022
Sold by
Rampersaud Balwant
Bought by
714 Drexel Corporation
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Apr 2021 - Jun 2022Rampersaud Balwant1 Year and 2 Months
Private Individual
Purchase Details
Closed on
Apr 28, 2021
Sold by
Azel Reuben
Bought by
Rampersaud Balwant
Jun 2017 - Apr 2021Azel Reuben3 Years and 10 Months
Private Individual
Purchase Details
Closed on
Jun 20, 2017
Sold by
Harris Sean S
Bought by
Azel Reuben
Oct 2016 - Jun 2017Harris Sean8 Months
Private Individual
Purchase Details
Closed on
Oct 14, 2016
Sold by
Deutsche Bank National Trust Co
Bought by
Harris Sean
Apr 2016 - Oct 2016Deutsche Bank Na6 Months
Private Individual
Purchase Details
Closed on
Apr 15, 2016
Sold by
Deutsche Bank National Trust
Bought by
Deutsche Bank Na
Apr 2002 - Apr 2016Pindar John and Pindar Rachel14 Years
Private Individual
Purchase Details
Closed on
Apr 30, 2002
Sold by
Fresco James
Bought by
Pindar John and Pindar Rachel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future
Duplex remodeled in 2022. Each unit offers 2 Bedrooms/1bath. Upgraded new kitchen cabinets, countertops, new appliances. New heating/air units in both units. Flooring, bath all remodeled in 2022.
This Atlantic City duplex is a fantastic opportunity for investors looking to build their rental or AirBnB portfolio or for an owner occupant looking to live in one unit and rent out the other. Featuring 2 units, each boasting a comfortable layout with 2 bedrooms and 1 bath connected by a shared interior foyer. Each unit also has separate back entrances providing independent access along with a
Samy SabbaghCENTURY 21 ATLANTIC PROFESSIONAL REALTY
Investor Special! This duplex offers two spacious 3-bedroom units and is ideally located just minutes from the beach and famous Atlantic City casinos. A full gut renovation is needed, presenting a fantastic opportunity to create significant value. Whether you're looking to flip, rent, or develop, the possibilities are endless. Buyer is responsible for all due diligence regarding zoning and usage.
Collateral Analytics
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ICE
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First American
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Quantarium
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Type
Sale Price
Title Company
Deed
$190,000
None Listed On Document
Deed
$190,000
None Listed On Document
Deed
--
American Land Title
Deed
$40,000
Land Title Services
Deed
$19,000
Title Co Of Jersey
Deed
$25,000
--
Sheriffs Deed
$1,000
None Available
Bargain Sale Deed
$42,000
Commonwealth Land Title Ins
Source: Public Records
Mortgage History
Date
Status
Loan Amount
Loan Type
Open
$142,500
New Conventional
Closed
$142,500
New Conventional
Previous Owner
$93,000
New Conventional
Previous Owner
$196,000
No Value Available
Previous Owner
$115,200
Unknown
Previous Owner
$27,000
No Value Available
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/04/202410/04/24
Sold
$190,000
0.0%
$123 / Sq Ft
07/22/202407/22/24
Pending
--
--
--
05/28/202405/28/24
For Sale
$190,000
--
$123 / Sq Ft
Source: Bright MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
This home is located at 714 Drexel Ave, Atlantic City, NJ 08401 and is currently priced at $190,000, approximately $123 per square foot. This property was built in 1925. 714 Drexel Ave is a home located in Atlantic County with nearby schools including Uptown Complex School, Atlantic City High School, and New Hope Christian Academy/Robinson Small Learning Center.
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
