1141 Michigan, Atlantic City, NJ | MLS # 609558 For Sale

Property Details

TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City Stop looking for cash flowits right here. This fully occupied, single-family rental generates a steady $1,750/month (+ utilities) with zero immediate turnover or capital expenditures (CapEx) required. The Investment Financials: Asking Price: $179,900 Monthly Rent: $1,750 (Month to Month lease) Gross Annual Income: $21,000 Annual Property Taxes: $1,555 Property Management Setup: Tracked smoothly via RentRedi. Recent Updates & Property Condition: Brand new flooring installed through the living room and hallway. Fresh, clean carpet in all 3 bedrooms. Clean, recently approved Certificate of Occupancy (CO) on file with the city 100% compliant and ready for a seamless transfer. The Story: The property is being sold strictly to free up liquidity for unrelated outside financial obligations NOT due to property performance. The multi-year tenants have an impeccable payment history and treat the home with care. This is a pure plug-and-play addition for cash buyers, portfolio builders, or 1031 exchange investors looking for Day 1 income. Built-in Upside: Current rent is well below market. Average local rents are approximately $2,200$2,500/month, giving the next owner meaningful room to increase rents over time.

This listing is provided courtesy of REALMART REALTY

MLS #: 609558
Status: Active
Address: 1141 Michigan, Atlantic City, NJ 08401
Date Listed: 7/6/2026
Days on Market: 0
SQFT: 902

Location

Interior Features

Cool System: Window Units
Heat System: Electric
Floors: Laminate Flooring, Vinyl, W/W Carpet
Rooms: Carbon Monoxide Detector, Smoke/Fire Alarm

Exterior Features

Parking: Two Car
Siding: Aluminum
Exterior: Fenced Yard, Porch Screened
New Construction: No

Additional Features

County: Atlantic
Property Type: Single Family
Waterfront Features: No
Water/Sewer: Public
Year Built: 1959
Lot Number: 15
Block Number: 651
For Sale / Lease: For Sale
Taxes: 1555
3rd Party Approval: No

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