715 N Michigan Ave, Atlantic City, NJ 08401
Local realty services provided by:CENTURY 21 Alliance
715 N Michigan Ave,Atlantic City, NJ 08401
$229,900
- - Beds
- - Baths
- 1,550 sq. ft.
- Multi-family
- Active
Listed by: gerard (jerry) barker
Office: weichert realtors asbury group-ac
MLS#:603069
Source:NJ_SJSRMLS
Price summary
- Price:$229,900
- Price per sq. ft.:$148.32
About this home
INVESTOR ALERT - 13%+ 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....
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Home facts
- Listing ID #:603069
- Added:161 day(s) ago
- Updated:May 23, 2026 at 03:13 PM
Rooms and interior
- Kitchen Description:Electric Stove, Refrigerator, Self Cleaning Oven
- Basement Description:Slab
- Living area:1,550 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Baseboard, Electric
Structure and exterior
- Building area:1,550 sq. ft.
- Construction Materials:Brick, Vinyl
- Exterior Features:Curbs, Sidewalks
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$229,900
- Price per sq. ft.:$148.32
- Tax amount:$4,894 (2026)
Parking
- Parking description:Three or More Cars
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