715 N Michigan Ave, Atlantic City, NJ 08401

Atlantic City
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
715 N Michigan Ave,Atlantic City, NJ 08401
$248,500
  • - 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:$248,500
  • Price per sq. ft.:$160.32

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...

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Home facts

  • Listing ID #:603069
  • Added:103 day(s) ago
  • Updated:March 22, 2026 at 03:04 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:$248,500
  • Price per sq. ft.:$160.32
  • Tax amount:$4,894 (2026)

Parking

  • Parking description:Three or More Cars

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