Description
16%+ Cap Rate on this Turn Key Money Making fully rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor just renovated for new tenant. Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the tenants). 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 Beach and the Worlds most famous Boardwalk! Can be purchased together with a similar Duplex at 1036 N. Ohio (MLS # 529414) and make it package deal for the perfect addition to any investors Real Estate Portfolio. Double Digit cap rates, positive cash flow, low taxes, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly!! Hablo Espanol.
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School Ratings & Info
Description
16%+ Cap Rate on this Turn Key Money Making fully rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor just renovated for new tenant. Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the tenants). 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 Beach and the Worlds most famous Boardwalk! Can be purchased together with a similar Duplex at 1036 N. Ohio (MLS # 529414) and make it package deal for the perfect addition to any investors Real Estate Portfolio. Double Digit cap rates, positive cash flow, low taxes, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly!! Hablo Espanol.
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Listing information © 2021 South Jersey Shore Regional MLS.