719 Drexel Ave Active Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 598528
Bedrooms 2
Full Baths 2
Annual Tax Amount $2,123
Tax Year 2024
Property Sub-Type Duplex
Property Description
Don't miss this rare chance to own a cash-flowing duplex on a quiet residential street in Atlantic City. The upstairs unit has been fully renovated and is move-in ready—perfect for top-market rental potential. (Photos reflect the updated 2nd floor.) Stable income: First-floor unit is occupied by a long-term tenant of 7+ years, currently paying $1,450/month. Pro-forma rent for the newly renovated upper unit is $1,700/month, offering strong rental upside. Projected gross annual income: $37,800 Low insurance cost: Just $2,650 annually Property sold As-Is, offering immediate returns with minimal upfront effort. Serious buyers only will be granted access to the 1st floor to respect the current tenant's privacy. The upstairs unit is easy to show—schedule your walk-through today and explore the potential of this high-yield investment.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Gas-Natural
Exterior
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No