Investor Opportunity – Fully Occupied Duplex in Atlantic City! Welcome to 117 S Texas Avenue, a fully occupied duplex offering immediate rental income and strong investment potential. The property currently generates $44,400 in annual gross rental income, with both units occupied under active one-year leases. The ground-floor unit features 2.5 bedrooms and 1 full bathroom and has been updated with central air. The second-floor unit** offers 4 bedrooms and 1 full bathroom, along with newer windows and updated flooring. Tenants are responsible for their own electric and gas, helping keep owner-paid expenses lower. With established tenants, active leases, and income already in place, this is a great opportunity for an investor looking to add an income-producing multifamily property to their portfolio. Property is being sold strictly AS-IS. Buyer is responsible for obtaining any Certificate of Occupancy (CO), inspections, certifications, and/or municipal requirements needed for closing, at buyer's sole cost and expense.
Listing courtesy of WEICHERT REALTORS ASBURY GROUP-AC.
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.
Copyright 2019 South Jersey Shore Regional Multiple Listing Service.
All rights reserved.