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$ 295,000
Est. payment /mo
Active
716 Drexel Ave Atlantic City, NJ 08401
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 611295
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $3,177
Tax Year 2025
Property Sub-Type Duplex
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. Unit 1 features stable, long term guaranteed income through a local Veteran Assistance Program ($1,382/mo), while unit 2 is vacant and last tenant paid a strong market rent at $1,600. Low maintenance property with major capital expenditures already completed: brand new roof 2026, completely updated plumbing/pipes. Unit 1 has new stove 2026 and unit 2 has new refrigerator 2026. 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! Tenant in unit 1 would love to remain in unit.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details See Remarks
Rooms
Other Rooms Eat In Kitchen
Basement Slab
Interior
Heating Gas-Natural, Radiator
Exterior
Exterior Feature Brick Face
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by COLDWELL BANKER ARGUS REAL ESTATE-Northfield