716 Drexel Avenue

Atlantic City NJ 08401

Single-Family

Currently for sale - view listing

Overview

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!

Features

4 bedrooms

2 bathrooms

Single-Family

Property history for 716 Drexel Avenue

2024

Rented

Undisclosed

27 Mar 2024 by BHHS Fox & Roach-Northfield

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