NJ > Atlantic City
Atlantic City, NJ 08401,715 N Michigan Ave
Atlantic City, NJ 08401,715 N Michigan Ave
Atlantic City, NJ 08401,715 N Michigan Ave
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$269,000
Est. payment /mo
2 Beds
2 Baths
1,550 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,550 sqft

Price per Sqft $173

MLS Listing ID 603069

Bedrooms 2

Full Baths 2

Annual Tax Amount $4,998

Tax Year 2025

Lot Size 1,550 Sqft

Property Sub-Type Duplex

Property Description

INVESTOR ALERT - 12%+ 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.

Location

State NJ

County Atlantic

Community Atlantic City

Area Atlantic City

Location Details Boardwalk Area

Rooms

Basement Slab

Interior

Heating Baseboard, Electric

Exterior

Exterior Feature Brick, Vinyl

Parking Features None

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

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South Jersey Shore Regional MLS (SJSRMLS)
Listed by WEICHERT REALTORS ASBURY GROUP-AC
Steven Pagan

Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ, 08033-2419, USA

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