For Sale 402 Madison, Atlantic City, NJ, 08401

Full rehab needed to restore this large 3 story 5 bedroom home back to its former glory. Ultra private location nestled in the middle of the block between N. Congresss and N. Massachusetts ave closer to the Madison ave. Property could make a great AirBnB, first time home or a vacation shore home for someone. Located within walking distance of the Showboat and new indoor island waterpark, steps to the Jersey Shore Beaches, Atlantic Ocean, and World Famous Boardwalk,the Ocean Casino, Hardrock & Steel Peir,Resorts & Margaritaville! Close to Absecon Lighthouse, Tanger Outlets Shopping, 5 Star Nightllife,World Class Shopping, Gardners Basin, BackBay Ale House, Gilchrest, AC Aquarium, Fishing Jettys & Peirs, Borgata, Harrahs, Golden Nugget& Farley Marina, the Little Water Distillery,Axe Throwing, and Seed Brewery! Buy it with a few Bitcoins, or contact us about private financing. There are no rental or pet restrictions! Fix this up now and start making tons of cash on sites like VRBO and Airbnb, or use this as your private Shore Town getaway for your family and friendsa nd enjoy the best amenities that Atlantic City has to offer. Property will not qualify for all financing programs, however you can buy this property with about 1 Bitcoin, Hard Money loans, Conventional loan programs, or ask us about Private finacing options.

Short Sale opportunity, this 3-bed, 2-bath home is priced for value. The property features a welcoming exterior with a front porch, a one-car garage, and a private, fenced backyard. Inside, you\'ll find a living area with a fireplace, a dedicated dining space, and a functional kitchen and bathrooms ready for immediate use and future updates. This home is being sold strictly AS-IS and is subject to lender approval as a Short Sale. Buyer is responsible for all certifications and inspections including obtaining the CO from the City of Atlantic City. Don\'t miss this chance to customize and maximize the potential of a home in Atlantic City!

**Listing Attention:** This property presents a unique opportunity to own a beautiful duplex in a prime beach block location. You can either develop a trophy property with stunning panoramic waterfront views or retain the existing structure and upgrade it for substantial income through Airbnb rentals. This property is legally zoned as a duplex, allowing for extra income generation. You can occupy one unit while renting out the other or capitalize on the booming Airbnb market. Positioned just a short walk from the renowned Atlantic City beach, this home is an ideal rental property for both vacationers and long-term tenants. The property features six generously sized bedrooms and two bathrooms in the upper unit, currently rented for $1,500 per month, which is well below current market value, and a two-bedroom, one-bathroom unit on the ground level, rented for $1,100 per month, providing ample space for family, friends, and guests. The LH-2 Zoning District permits multi-family, low-rise, and mid-rise residential buildings, along with opportunities for restaurants, bars, non-casino hotels, townhouses, and other uses. This is truly a rare opportunity that may not come around again.