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$ 370,000
Est. payment | /mo
2 Beds
$ 370,000
Est. payment | /mo
2 Beds
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 611264
Bedrooms 2
Annual Tax Amount $4,197
Tax Year 2026
Property Sub-Type Duplex
Property Description
Investor Opportunity – Fully Occupied Duplex in Atlantic City! Welcome to 117 S Texas Avenue, a fully occupied duplex offering immediate rental income and strong investment potential. The property currently generates $44,400 in annual gross rental income, with both units occupied under active one-year leases. The ground-floor unit features 2.5 bedrooms and 1 full bathroom and has been updated with central air. The second-floor unit** offers 4 bedrooms and 1 full bathroom, along with newer windows and updated flooring. Tenants are responsible for their own electric and gas, helping keep owner-paid expenses lower. With established tenants, active leases, and income already in place, this is a great opportunity for an investor looking to add an income-producing multifamily property to their portfolio. Property is being sold strictly AS-IS. Buyer is responsible for obtaining any Certificate of Occupancy (CO), inspections, certifications, and/or municipal requirements needed for closing, at buyer's sole cost and expense.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Beach Block,See Remarks,Boardwalk Area
Interior
Heating Gas-Natural
Exterior
Exterior Feature Brick, Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by WEICHERT REALTORS ASBURY GROUP-AC
Nearby Locations
Scott Zielinski
Team Leader - Realtor® Associate License ID: 1645364
+1(856) 264-8671 | scott@zhomesrealestate.com