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.
- Fenced Yard
- Porch Screened
- Heating:Electric
- Heater:Electric
- Carbon Monoxide Detector
- Smoke/Fire Alarm
- Cooling:Window Units
- Public Sewer
PROPERTY LOCATION / MAP
Last Database Update: 08/03/2026
 Listing Courtesy of REALMART REALTY.
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1141 N Michigan, Atlantic City
For Sale:
$179,900 MLS: 609558Bed:3 | Bath:1 LOT: | DOM:0
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