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About This Home
This 4-bedroom, 2-bathroom single family at 716 Drexel Ave in Atlantic City, NJ is listed for $295,000. Built in 1900, on a N/A lot.
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!
Key Features
- Built in 1900
Property Details
Monthly Cost Estimate
$1,578/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
716 Drexel Ave
Atlantic City, NJ 08401
Features & Amenities
Interior Features
Property Details
Flooring
Heating
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom single family at 716 Drexel Ave is listed at $295,000. The estimated monthly payment is $1,278 based on 20% down at 6.5% interest.
Key features include: Built in 1900. Interior Features: Smoke/Fire Alarm.
This property is listed by PATRICIA BRIDGES and can be reached at 6093355913 or lester.argus@gmail.com.
