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$ 389,400
Est. payment /mo
New
27 N Iowa Ave Atlantic City, NJ 08401
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 613317
Bedrooms 2
Full Baths 2
Annual Tax Amount $4,228
Tax Year 2025
Property Sub-Type Duplex
Property Description
Nestled in the heart of Atlantic City, this townhouse duplex presents an excellent investment opportunity in a prime location! Just minutes from Atlantic City's renowned casinos, shopping destinations, restaurants, and entertainment options, and a short distance from the world-famous Atlantic City beach and boardwalk, this property offers convenient access to all the city has to offer. Conveniently located near public transportation, the property provides easy access to surrounding areas and local attractions, making it an appealing option for both tenants and investors. Unit 1 features a spacious, two-story layout with 4 bedrooms and 1 bathroom and is rented for $1,800 per month. Unit 2 offers 2 bedrooms and 1 bathroom and is rented for $1,400 per month. Both tenants are current on their rent, offering added peace of mind for the next owner and providing a combined rental income of $3,200 per month. The lower level houses the heating system. The property is being sold AS IS, with the buyer responsible for obtaining the required municipal certificates. The adjacent lot is also available for negotiation, offering an additional opportunity for buyers looking to expand their investment. Don't miss the chance to own this income-producing property in a desirable Atlantic City location, conveniently situated near the beach and boardwalk, entertainment, dining, shopping, public transportation, and more!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Rooms
Other Rooms Den/TV Room, Eat In Kitchen, Kitchen, Living Room
Basement 6 Ft. or More Head Room, Outside Entrance, Plumbing, Unfinished
Interior
Heating Gas-Natural
Exterior
Exterior Feature Aluminum, Brick
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by FARLEY and FERRY REALTY, INC
Nearby Locations
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4232 Harbor Beach Blvd, Brigantine, NJ 08203, USA
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