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$ 295,000
Est. payment /mo
New
716 Drexel Ave Atlantic City, NJ 08401
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 607912
Style Semi-Det/1/2Dbl
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $3,177
Tax Year 2025
Property Sub-Type Single Family
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!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Rooms
Other Rooms Eat In Kitchen
Basement Slab
Interior
Interior Features Smoke/Fire Alarm
Heating Gas-Natural, Radiator
Flooring Tile, Laminate Flooring
Exterior
Exterior Feature Brick
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by COLDWELL BANKER ARGUS REAL ESTATE-Northfield
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