Property Description

19% 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!! Our Agents speak Espanol – Madarin – Italian – Tagalog & Banglie.

Features
: Baseboard, Electric
: Window units
: Slab
: Three or more cars
Address Map
US
NJ
Atlantic
Atlantic City
08401
Michigan
715
MLS Addon
Active
Public
Public Sewer
Curbs,Sidewalks
Gas
None
GERARD (Jerry)
BARKER
WEICHERT REALTORS ASBURY GROUP-AC
Yes
6801

Multi-family For Sale

715 Michigan, Atlantic City, New Jersey 08401

$106,799
Listing ID #529416
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 529416
Price : $106,799
Agent info
Peter Madden
200 34th St.
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