MLS® ID: 519563
715 N Michigan Ave
Atlantic City, New Jersey, 08401 $110,000
17% Cap Rate on this Turn Key Money Making fully rented duplex near the corner of Magellan and N. Michigan Aves. beautifully bold red brick exterior with white vynil wrapping aroun newer thermal windows. Seperate gas and electric (Paid by the tenants). 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 Beach and the Worlds most famous Boardwalk! Can be purchased together with another Duplex at 1036 N. Ohio, would make a great package deal and perfect addition to any investors Real Estate Portfolio. Double Digit cap rates, postive cash flow, low taxes, low maintanance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly!!