716 Drexel Ave, Atlantic City, NJ 08401
Atlantic County
Key Facts
Description
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!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Semi-Det/1/2Dbl
Year Built
1900
MLS® Listing#
607912
Property Features
- Interior:
- Eat-in Kitchen
- Appliances:
- Refrigerator, Gas Cooktop
- Heating:
- Hot Water, Radiant, Natural Gas
- Flooring:
- Laminate, Tile
- Construction:
- Brick
- Security:
- Smoke Detector(s)
- Sewer:
- Public Sewer
- Water Source:
- Public
Financial Details
Annual Taxes
$3,177
Affordability Calculator
$59,000
Estimated monthly payment
$1,570/mo
Principal $236,000 · Est. interest $329,241 over 30 yrs
Location
- 716 Drexel Ave, Atlantic City, NJ 08401
Points of Interest in Atlantic City, NJ
Showing the Atlantic City area map.
Nearby Schools
Pennsylvania Ave School
Elementary · 0.2 mi away
New Jersey Avenue School
School · 0.3 mi away
Uptown School Complex
Elementary · 0.3 mi away
New York Avenue School
Elementary · 0.5 mi away
Atlantic City Public Schools
Elementary · 0.6 mi away
Oceanside Charter School
School · 0.8 mi away
Indiana Ave School
School · 0.8 mi away
Dr Martin Luther King School
Elementary · 0.9 mi away
Texas Avenue School
Elementary · 1.4 mi away
Venice Park Elementary School
Elementary · 1.4 mi away
Atlantic City Schools
School · 1.4 mi away
Our Lady Star of the Sea Church
School · 1.5 mi away
Brighton Avenue School
Elementary · 1.7 mi away
Sovereign Avenue School
Elementary · 1.8 mi away
Chelsea Heights School
Elementary · 2.4 mi away
Richmond Avenue School
Elementary · 2.4 mi away
Sea Tots Early Learning Center
School · 2.5 mi away
Atlantic City High School
Secondary · 2.9 mi away
Brigantine Community School
Elementary · 4.2 mi away
Ventnor Elementary School
Elementary · 4.4 mi away
Commute Calculator
Moving Cost Estimate
EXIT Agents in Atlantic City
Listing Courtesy: COLDWELL BANKER ARGUS REAL ESTATE-Northfield - 6096465001