715 N Michigan Ave
Listing Notes
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.
Price in context
Cheaper than 58% of the 24 homes listed nearby right now, which run $138,000 to $315,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 135-137 N Georgia Ave | $138,000 | — |
| 1003 N Michigan Ave | $160,000 | 2 bd · 1 ba |
| 3101 Boardwalk Unit 1806 | $169,900 | 1 bd · 2 ba |
| 1521C Morris Cain Pl | $175,000 | — |
| 1141 N Michigan Ave | $179,900 | 3 bd · 1 ba |
| 1911 Hummock Ave | $185,000 | 4 bd · 1 ba |
| 524 N Indiana Ave | $199,000 | 4 bd · 1 ba |
| 1263 N Ohio Ave | $199,900 | 3 bd · 2 ba |
| 214 N Florida Ave | $215,000 | 2 bd · 2 ba |
| 138 N Florida Ave | $216,000 | 3 bd · 1 ba |
| 1918 Caspian Ave | $230,000 | 6 bd · 3 ba |
| 823 N Indiana Ave | $234,900 | 3 bd · 1 ba |
| 641 Howard Ave | $240,000 | 3 bd · 1 ba |
| 1405 N Ohio Ave | $240,000 | 3 bd · 2 ba |
| 2104 Grant Ave | $241,900 | 1 bd |
| 2425 Formicas Way Unit 2425 | $249,000 | 2 bd · 2 ba |
| 660 N Kentucky Ave | $255,000 | 4 bd · 2 ba |
| 638 N Kentucky Ave | $257,000 | 3 bd · 1 ba |
| 2022 Blaine Ave | $269,000 | 3 bd · 2 ba |
| 1121 N Michigan Ave | $270,000 | 3 bd · 2 ba |
| 1136 N Indiana Ave | $279,900 | 5 bd · 4 ba |
| 2402 Auburn Ter | $280,000 | 6 bd · 2 ba |
| 2015 Caspian Ave | $287,900 | 3 bd · 2 ba |
| 1105 Jefferson Pl | $315,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more