27 Iowa Ave, Atlantic City

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!

This listing is provided courtesy of FARLEY and FERRY REALTY, INC