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$285,000
Est. payment /mo
2 Beds
1,814 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,814 sqft
Price per Sqft $157
MLS Listing ID 604154
Bedrooms 2
Annual Tax Amount $5,641
Tax Year 2026
Lot Size 1,814 Sqft
Property Sub-Type Duplex
Property Description
Investor ALERT - 11.50% Cap Rate or Live in one unit and rent out the other to pay all the bills!!! Second Floor 2bdrm Apartment rented out for $1750 p/m. Ground floor unit is now vacant. Each unit was renovated & feature vynil plank flooring throughout, Natural Gas Cooking, Natural Gas hot water baseboard heating, eat in kitchens with decks, large living rooms, two large bedrooms, one full bathroom, & washer/dryer hook-ups. Outside there is plenty of parking in back of the property and along both Tennessee and Drexel Aves. Close to AC Expressway & Route 30 (White Horse Pike) for easy access in and out of the city. Close to NY Ave 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 5 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans may also be acceptable as well including FHA, VA, DSCR, and Conventional financing options. Income and Expenses available to qualified buyers. Hablo Espanol. Existing tenants pay their own gas and electric, and all forms of public transportation are available in the neighborhood. Income and Expenses available to qualified buyers.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Boardwalk Area
Rooms
Other Rooms Dining Area, Eat In Kitchen, Laundry/Utility Rm
Interior
Heating Baseboard, Gas-Natural, Hot Water
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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Listed by WEICHERT REALTORS ASBURY GROUP-AC
NEARBY SCHOOL & BUSINESS