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716 Drexel

Atlantic City, NJ 08401
  • $285,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 611295
Price Reduced
UPDATED: 44 min ago
$285,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

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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© 2026 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2026-09-16T22:50:02.873.
www.oceancitynewjerseyhomes.com/homes/180614031
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716 Drexel Atlantic City, NJ 08401

  • Price: $285,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 44 min ago
  • MLS #: 611295
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
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.
Exterior Features

Garage None Location See Remarks Lot Dimensions 20 x 60 Parking None Siding Exterior Brick Face Storms Screens Combination Waterfront YN No

Interior Features

Appliances Gas StoveRefrigerator Basement Slab Heating Gas-NaturalRadiator Other Rooms Eat In Kitchen Unit1 Baths 1 Unit1 Half Baths 0 Unit2 Baths 1 Unit2 Half Baths 0 Water Heater Gas

Property Features

Adult Community /55+ No Age Range 25+ Years Approved Short Sale No Auction YN No Bank Owned Foreclosure No Estate YN No Lot Number 7 May Be Subject To Third Party Approval Short Sale No Multifamily Type Duplex New Construction No Number Of1 Bedroom Units 2 Number Of2 Bedroom Units 2 Rental Information See RemarksYearly Sale Or Rent For Sale Separate Meters Cable TVElectricGasHot WaterSewerWater Sewer Public Sewer Suitable For Other (See Remarks) Tax Year 2025 Taxes 3177 Water Public

South Jersey Shore Regional MLS logo Listing information © 2026 South Jersey Shore Regional MLS.
Listing provided courtesy of COLDWELL BANKER ARGUS REAL ESTATE-Northfield: .


© 2026 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2026-09-16T22:50:02.873.
 
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