1141 N Michigan, Atlantic City, NJ 08401
1141 N Michigan, Atlantic City, NJ 08401
1141 N Michigan, Atlantic City, NJ 08401
1141 N Michigan, Atlantic City, NJ 08401
1141 N Michigan, Atlantic City, NJ 08401
1141 N Michigan, Atlantic City, NJ 08401
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Rachel Bachman - Team Lead - New Era Collective

Rachel Bachman - Team Lead - New Era Collective

+1(609) 822-3300
$ 179,900
Est. payment | /mo

3 Beds

1 Bath

902 SqFt

Save
$ 179,900
Est. payment | /mo
Save

3 Beds

1 Bath

902 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 902 sqft

Price per Sqft $199

MLS Listing ID 609558

Style 1 1/2 Story

Bedrooms 3

Full Baths 1

Year Built 1959

Annual Tax Amount $1,555

Tax Year 2025

Lot Size 902 Sqft

Property Sub-Type Single Family

Property Description

TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City Stop looking for cash flow—it's right here. This fully occupied, single-family rental generates a steady $1,750/month (+ utilities) with zero immediate turnover or capital expenditures (CapEx) required. The Investment Financials: Asking Price: $179,900 Monthly Rent: $1,750 (Month to Month lease) Gross Annual Income: $21,000 Annual Property Taxes: $1,555 Property Management Setup: Tracked smoothly via RentRedi. Recent Updates & Property Condition: Brand new flooring installed through the living room and hallway. Fresh, clean carpet in all 3 bedrooms. Clean, recently approved Certificate of Occupancy (CO) on file with the city — 100% compliant and ready for a seamless transfer. The Story: The property is being sold strictly to free up liquidity for unrelated outside financial obligations — NOT due to property performance. The multi-year tenants have an impeccable payment history and treat the home with care. This is a pure plug-and-play addition for cash buyers, portfolio builders, or 1031 exchange investors looking for Day 1 income. Built-in Upside: Current rent is well below market. Average local rents are approximately $2,200–$2,500/month, giving the next owner meaningful room to increase rents over time.

Location

State NJ

County Atlantic

Community Atlantic City

Area Atlantic City

Rooms

Basement Crawl Space

Interior

Interior Features Carbon Monoxide Detector, Smoke/Fire Alarm

Heating Electric

Flooring Vinyl, W/W Carpet, Laminate Flooring

Exterior

Exterior Feature Aluminum

Parking Features None

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

South Jersey Shore Regional MLS (SJSRMLS)
Listed by REALMART REALTY

Schools and Properties Nearby

Rachel Bachman - Team Lead - New Era Collective

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(609) 822-3300

rachel@neweranj.com

Learn More About LPT Realty

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1141 N Michigan