716 Drexel Ave, Atlantic City, NJ 08401
- $295,000
- 4
- BD
- 2
- BA
- List Price
- $295,000
- MLS#
- 607912
- Status
- ACTIVE
- Year Built
- 1900
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Range
- Less than One Acre
- Region
- Atlantic City
- City
- Atlantic City
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
- Style
- Semi-Det/1/2Dbl
- Lot Dimensions
- 20 x 62
- Interior Features
- Smoke/Fire Alarm
- Floor
- Tile, Laminate Flooring
- Appliances
- Gas Stove, Refrigerator
- Heating
- Gas-Natural, Radiator
- Parking Description
- None
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of COLDWELL BANKER ARGUS REAL ESTATE-Northfield.
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 Multiple Listing Service. Real Estate listings held by brokerage firms other than Berger Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed accurate but not guaranteed.
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