Virtual Tour

12 N Iowa Ave , Atlantic City NJ

$636,000 | $2,931 / Month*

Courtesy of GRACE PROPERTIES
MLS #552302

Location

Features

Details
Appliances/Equipment: Electric Stove, Refrigerator
Garage/Parking: None
Driveway: Concrete
Property Location: Boardwalk Area
Foreclosure: No
Exterior Construction: Vinyl
Exterior Features: Deck, Patio, Porch
Basement: Finished, Full, Heated, Outside Entrance
Location: Boardwalk Area
Exterior Features
Construction: Vinyl
Utilities
Cooling: Wall Units
Heating: Electric
Sewer Type: Public Sewer
Units Information
Units: 7

The Atlantic City real estate market is HOT and this is a turn key investors dream. 7 units, 1, two-bedroom and 6, one-bedroom units all totally rehabbed down to stud in 2016. New plumbing, electric, roofing, siding and with all new fiberglass decks. Each unit has its own entrance with no common hallways. All units have separate electric heat, electric hot water, and electric stove, all on separate meters that tenant pays, no gas. Total Rents $66,000. Total Expense $16,600. Profit without repairs $49,400. Call for showing instructions. Apt 1, 1 bedroom $825, Apt 2, 1 Bedroom $700, Apt 3, 1 Bedroom $800 Apt 4, 2 Bedroom $900, Apt 5, 1 Bedroom $800, Apt 6, 1 Bedroom $825 Apt 7, 1 Bedroom $650.

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