716 Drexel Ave, Atlantic City, NJ 08401
- $295,000
- 4
- BD
- 2
- BA
- List Price
- $295,000
- Days on Market
- 75
- Status
- ACTIVE
- MLS#
- 607912
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Style
- Semi-Det/1/2Dbl
- Year Built
- 1900
- County
- Atlantic
Property Description
Turnkey Cash Flow Duplex with Guaranteed Income Component! Exceptional investment opportunity featuring an impressive 12%+ gross rental yield and a rock-solid tenant base. Total monthly rent is $2,982, easily passing the coveted 1% rule. Unit 1 features stable, long-term guaranteed income through a local Veteran assistance program ($1,382/mo), while Unit 2 brings in strong market rent at $1,600/mo. Low-maintenance property with major capital expenditures already completed: brand-new roof and completely updated plumbing/pipes. Tenants pay individual gas & electric. Low annual property taxes maximize your net profit from day one. Add this high-performing, hassle-free asset to your portfolio today!
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Additional Information
- Area
- Atlantic City
- Taxes
- $3,177
- Interior Features
- Smoke/Fire Alarm
- Heating
- Gas-Natural, Radiator
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of COLDWELL BANKER ARGUS REAL ESTATE-Northfield. Contact:
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Information is deemed accurate but not guaranteed.
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