716 Drexel Ave, Atlantic City, NJ 08401

Atlantic City
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
716 Drexel Ave,Atlantic City, NJ 08401
$285,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: patricia bridges
Office: coldwell banker argus real estate-northfield
MLS#:611295
Source:NJ_SJSRMLS

Price summary

  • Price:$285,000

About this home

Turnkey Cash Flow Duplex with Guaranteed Income Component! Exceptional investment opportunity featuring an impressive 12%+ gross rental yield and a rock solid tenant base. Unit 1 features stable, long term guaranteed income through a local Veteran Assistance Program ($1,382/mo), while unit 2 is vacant and last tenant paid a strong market rent at $1,600. Low maintenance property with major capital expenditures already completed: brand new roof 2026, completely updated plumbing/pipes. Unit 1 has new stove 2026 and unit 2 has new refrigerator 2026. Tenants pay individual gas & electric. Low annual property taxes maximize your net profit from day one. Add this high performing, hassle free asset to your portfolio today! Tenant in unit 1 would love to remain in unit.

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Home facts

  • Year built:1900
  • Listing ID #:611295
  • Added:145 day(s) ago
  • Updated:October 02, 2026 at 04:18 PM

Rooms and interior

  • Kitchen Description:Gas Stove, Refrigerator
  • Basement Description:Slab

Heating and cooling

  • Heating:Gas-Natural, Radiator

Structure and exterior

  • Year built:1900
  • Construction Materials:Brick Face

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$285,000
  • Tax amount:$3,177 (2025)

Features and amenities

  • Amenities:Combination

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