26
See all 26 photos
$295,000
Est. payment /mo
4 Beds
2 Baths
Active
716 Drexel Ave Atlantic City, NJ 08401
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
New Construction No
Others
Senior Community No
Listed by COLDWELL BANKER ARGUS REAL ESTATE-Northfield
Nearby Locations
GET MORE INFORMATION