See all 18 photos
18 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$269,000
Est. payment /mo
2 Beds
2 Baths
1,550 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,550 sqft
Price per Sqft $173
MLS Listing ID 603069
Bedrooms 2
Full Baths 2
Annual Tax Amount $4,998
Tax Year 2025
Lot Size 1,550 Sqft
Property Sub-Type Duplex
Property Description
INVESTOR ALERT - 12%+ Cap Rate on this near Turn Key Money Making partially rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor has been rented via Seciton 8 for over a year now and the first floor is vacant, fixed up, and ready for a new tenant. Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the tenants). Low water and sewer bill paid by the landlord. Close to AC Expressway & Route 30 (White Horse Pike) for easy access in and out of the city. Close to MLK School, the AC Convention Center and the Outlets at the Tanger Walk shopping center. Two minute car ride to the Borgata, Harrahs, & Golden Nugget hotel and casinos, the Absecon Lighthouse, and of the course the Jersey Shore Beaches and the Worlds most famous Boardwalk! Double Digit cap rates, positive cash flow, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly! Live in one unit and rent out the other! First time home buyers may even qualify for up to $50,000.00 in Grant Money towards this purchase! Buy it now with about 2.5 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional financing options. Income and Expenses available to qualified buyers. Hablo Espanol.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Boardwalk Area
Rooms
Basement Slab
Interior
Heating Baseboard, Electric
Exterior
Exterior Feature Brick, Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Read Less Info
Listed by WEICHERT REALTORS ASBURY GROUP-AC