Active

1141 N Michigan Ave

Atlantic City, NJ 08401
Mark as Favorite
Bed 3

Bed

Bath 1

Bath

SqFt902

Sqft

TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City Stop looking for cash flow—it’s 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 fr ee 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $179,900

AD Id : 87690029

MLS Id : 609558

Beds : 3

Living Area Size : 902

Year Built : 1959

Garage : 2

County : Atlantic

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Full Baths: 1

    Room Information

    Rooms Total: 6 Basement: Crawl Space
  • Flooring Information

    Laminate, Vinyl, Carpet
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1959 Construction Materials: Aluminum Siding Patio And Porch Features: Screened Private Pool: No

  • Listing Price Information

    Listing Price: $179900

  • Tax Information

    Annual Tax: $1555

  • Parking Information

    Concrete, Driveway

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    WaterSource: Public Security Features: Smoke Detector(s)
Sell a home like this and save $10,295 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
129 Seaside Ave, Atlantic City, NJ, 08401 $579,000 5 3 --
203 S Metropolitan Avenue, Atlantic City, NJ, 08401 $389,900 3 2 1,354 1,354 SqFt
203 S Metropolitan Ave, Atlantic City, NJ, 08401 $389,900 3 1.5 --
15 Belle Ct, Atlantic City, NJ, 08401 $199,000 3 1.5 --
21 N New Hampshire Ave, Atlantic City, NJ, 08401 $434,900 3 2.5 1,662 1,662 SqFt
13 N New Hampshire Ave, Atlantic City, NJ, 08401 $699,900 5 2.5 2,142 2,142 SqFt
201 Grammercy Pl, Atlantic City, NJ, 08401 $449,000 3 2.5 1,452 1,452 SqFt
207 Grammercy Pl, Atlantic City, NJ, 08401 $449,000 3 2.5 1,452 1,452 SqFt
323 Atlantic Avenue #323, Atlantic City, NJ, 08401 $364,900 5 3 2,136 2,136 SqFt
323 Atlantic Ave, Atlantic City, NJ, 08401 $349,900 5 2.5 2,126 2,126 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the South Jersey Shore Regional MLS. IDX information is provided exclusively 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 South Jersey Shore Regional MLS. All Rights Reserved.

ByOwner last updated this listing 07/07/2026 @ 12:34

MLS: 609558 LISTED BY: QIZHAN (JACK) YAO, REALMART REALTY SOURCE: South Jersey Shore Regional MLS

Homes around $179,900

Selling? Save $10,295 when you sell a home like this

Tour with a ByOwner Agent