About This Home
This 3-bedroom, 1-bathroom single family at 1141 N Michigan in Atlantic City, NJ is listed for $179,900. Built in 1959, on a N/A lot.
Key Features
- Built in 1959
- 2 stories
Property Details
Amenities
TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City Stop looking for cash flow-it's right here. This fully occupied, single-family rental generates a steady $1,750/month (+ utilities) with zero immediate turnover or capital expenditures (CapEx) required.
The Investment Financials: Asking Price: $179,900 Monthly Rent: $1,750 (Month to Month lease) Gross Annual Income: $21,000 Annual Property Taxes: $1,555 Property Management Setup: Tracked smoothly via RentRedi. Recent Updates & Property Condition: Brand new flooring installed through the living room and hallway.
Fresh, clean carpet in all 3 bedrooms. Clean, recently approved Certificate of Occupancy (CO) on file with the city - 100% compliant and ready for a seamless transfer. The Story: The property is being sold strictly to free up liquidity for unrelated outside financial obligations - NOT due to property performance.
The multi-year tenants have an impeccable payment history and treat the home with care. This is a pure plug-and-play addition for cash buyers, portfolio builders, or 1031 exchange investors looking for Day 1 income. Built-in Upside: Current rent is well below market. Average local rents are approximately $2,200-$2,500/month, giving the next owner meaningful room to increase rents over time.
Monthly Cost Estimate
$962/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1141 N Michigan
Atlantic City, NJ 08401
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Pool Features
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 1141 N Michigan is listed at $179,900. The estimated monthly payment is $962 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1959, 2 stories. Interior Features: Carbon Monoxide Detector, Smoke/Fire Alarm. Exterior Features: Fenced Yard, Porch Screened.
This property is listed by QIZHAN (JACK) YAO and can be reached at (732) 727-2285.