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About This Home

This 4-bedroom, 2-bathroom residential multi family at 715 N Michigan Ave in Atlantic City, NJ is listed for $229,900. on a N/A lot.

Agent Description

INVESTOR ALERT - 13%+ Cap Rate on this near Turn Key Money Making partially rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor has been rented via Seciton 8 for over a year now and the first floor is vacant, fixed up, and ready for a new tenant.

Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the tenants). Low water and sewer bill paid by the landlord. 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 Jersey Shore Beaches and the Worlds most famous Boardwalk!

Double Digit cap rates, positive cash flow, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly! Live in one unit and rent out the other! First time home buyers may even qualify for up to $50,000.00 in Grant Money towards this purchase!

Buy it now with about 2.5 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional financing options. Income and Expenses available to qualified buyers. Hablo Espanol.

Property Details

2 full

Amenities

A/C

Monthly Cost Estimate

$1,230/mo

20% down · 6.5% · 30 years

Principal$166
Interest$996
Insurance$67

Estimates only. Actual payments may vary.

Location

715 N Michigan Ave

Atlantic City, NJ 08401

Features & Amenities

Exterior Features

CurbsSidewalks

Property Details

Heating

Electric (Heating)Baseboard

Cooling

Window Unit(s)

Appliances

Electric StoveRefrigeratorSelf Cleaning Oven

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 715 N Michigan Ave is listed at $229,900. The estimated monthly payment is $996 based on 20% down at 6.5% interest.

Exterior Features: Curbs, Sidewalks.

This property is listed by GERARD (Jerry) BARKER and can be reached at 6094817745.

GB

GERARD (Jerry) BARKER

Agent at WEICHERT REALTORS ASBURY GROUP-AC

(609) 481-7745

Listed by WEICHERT REALTORS ASBURY GROUP-AC · View on Broker Site

MLS# 603069· Source: listhub· Updated 171 days ago

Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

715 N Michigan Ave, Atlantic City, NJ 08401

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