716 Drexel Ave, Atlantic City, NJ 08401
- $285,000
- List Price
- $285,000
- Price Change
- ▼ $10,000 1789604936
- Days on Market
- 28
- Status
- ACTIVE
- MLS#
- 611295
- 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. Unit 1 features stable, long term guaranteed income through a local Veteran Assistance Program ($1,382/mo), while unit 2 is vacant and last tenant paid a strong market rent at $1,600. Low maintenance property with major capital expenditures already completed: brand new roof 2026, completely updated plumbing/pipes. Unit 1 has new stove 2026 and unit 2 has new refrigerator 2026. 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! Tenant in unit 1 would love to remain in unit.
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Additional Information
- Area
- Atlantic City
- Taxes
- $3,177
- Heating
- Gas-Natural, Radiator
- Water
- Public
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Listing courtesy of COLDWELL BANKER ARGUS REAL ESTATE-Northfield. Contact:
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