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1141 N Michigan, Atlantic City, NJ -
Active
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VIEW ALL PICTURES |
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For Sale: $179,900
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| Beds: 3 Baths: 1 Half Baths: 0
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Type: Single Family |
| DOM: 0 Days MLS: 609558 |
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PROPERTY MAP VIEW
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| PROPERTY DESCRIPTION |
| TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City Stop looking for cash flow—it’s right here. This fully occupied, single-family rental generates a steady $1,750/month (+ utilities) with zero immediate turnover or capital expenditures (CapEx) required. The Investment Financials: Asking Price: $179,900 Monthly Rent: $1,750 (Month to Month lease) Gross Annual Income: $21,000 Annual Property Taxes: $1,555 Property Management Setup: Tracked smoothly via RentRedi. Recent Updates & Property Condition: Brand new flooring installed through the living room and hallway. Fresh, clean carpet in all 3 bedrooms. Clean, recently approved Certificate of Occupancy (CO) on file with the city — 100% compliant and ready for a seamless transfer. The Story: The property is being sold strictly to free up liquidity for unrelated outside financial obligations — NOT due to property performance. The multi-year tenants have an impeccable payment history and treat the home with care. This is a pure plug-and-play addition for cash buyers, portfolio builders, or 1031 exchange investors looking for Day 1 income. Built-in Upside: Current rent is well below market. Average local rents are approximately $2,200–$2,500/month, giving the next owner meaningful room to increase rents over time.
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| AMENITIES |
- Fenced Yard
- Porch Screened
- Heating:Electric
- Carbon Monoxide Detector
- Smoke/Fire Alarm
- Heater:Electric
- Carbon Monoxide Detector
- Smoke/Fire Alarm
- Cooling:Window Units
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Request Property Information - 1141 N Michigan, Atlantic City NJ
3 Bedroom(s) | 1 Bathroom(s) |
For Sale:
$179,900
| MLS Number: 609558 |
Property Type: Single Family
Provided by: Monihan Realty - www.monihan.com
(Information Above Will Appear At The Top Of The Email That Is Sent to Monihan Realty) |
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 Listing Courtesy of REALMART REALTY.
© 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Monihan Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. |
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