Listing Courtesy of: SOUTH JERSEY SHORE MLS / Listed By: Patricia Bridges, Coldwell Banker Argus Real Estate

716 Drexel Ave Atlantic City, NJ 08401

Active (105 Days)

$295,000 ^(USD)

BED

BATH

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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.

MLS #:
611295

Type
Multifamily

Year Built
1900

Views
No

School District
Atlantic City

County
Atlantic County

Listed By

Patricia Bridges, Coldwell Banker Argus Real Estate

Source
SOUTH JERSEY SHORE MLS
Last checked Aug 29 2026 at 1:30 AM GMT+0000

Bathroom Details

Full Bathrooms: 2

Interior Features

Gas Stove
Refrigerator

Heating and Cooling

Gas-Natural
Radiator

Basement Information

Slab

Exterior Features

Brick Face

Utility Information

Sewer: Public Sewer

Location

Map View | Street View

Listing to Address

Address to Listing

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Disclaimer: Copyright 2026 South Jersey Shore MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 8/28/26 18:30