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$ 150,000
Est. payment /mo
Price Dropped by $5K
2834 ATLANTIC AVE #505 Atlantic City, NJ 08401
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 595977
Bedrooms 2
Full Baths 1
Annual Tax Amount $1,700
Tax Year 2004
Property Sub-Type Condo
Property Description
Fully Renovated 2BR Condo – 6.5% Cap Rate – Utilities Included – Priced to Move at $150,000 Investor Alert: This turnkey 2-bedroom, 1-bath unit in Brighton Towers won't last long. Just blocks from the beach and Tropicana, Unit 505 has been fully renovated with a modern kitchen, updated bathroom, and a private balcony — a rare find in this high-rise. Currently renting for $2,000/month, the numbers speak for themselves: - Net Income: $9,780/year - Cap Rate: 6.52% at asking price - HOA: $827/month (includes gas, electric, and water) - Taxes: $208/month - HO6 Insurance: $150/month This unit is cash flow ready with no upfront rehab needed. Strong rental demand, low vacancy, and all utilities wrapped into one HOA bill make this a hands-off, passive income opportunity. - Perfect for: - Out-of-state investors - 1031 exchange buyers - New landlords looking for plug-and-play cash flow income and expense sheet on documents. ALERT! Buy now with a few Bitcoins or ask about Private Financing Available Starting at 10%.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Interior
Heating Electric
Exterior
Parking Features See Remarks
Building
Story Eleven or More
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by WEICHERT REALTORS ASBURY GROUP-AC