MLS® ID: 519563

715 N Michigan Ave

Atlantic City, New Jersey, 08401

$110,000 Active
  • - SQFT
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!!
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Listing courtesy of WEICHERT REALTORS ASBURY GROUP-AC

Amenities

  • Zip
    08401
  • Office name
    WEICHERT REALTORS ASBURY GROUP-AC
  • Property type
    Duplex
  • Zoning type
    MULTI-FAMILY
  • Year built
    0
  • Lot size
    16 x 90
  • Sewer
    Public Sewer
  • Heating
    Baseboard,Electric
  • Tax year
    0
  • Agent name
    GERARD (Jerry) BARKER
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Area
    Atlantic City
  • Office ID
    1067
  • Agent ID
    6801

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