2834 Atlantic Ave #505, Atlantic City, NJ 08401

OWN FOR THE PRICE OF RENTING !!! Fully Renovated 2BR Condo – 6.5% Cap Rate – Utilities Included – Priced to Move at $150,000 Investor Alert: This turnkey 2-bedroom, 1-bath unit in Brighton Towers won’t last long. Just blocks from the beach and Tropicana, Unit 505 has been fully renovated with a modern kitchen, updated bathroom, and a private balcony — a rare find in this high-rise. Currently renting for $2,000/month, the numbers speak for themselves:     -    Net Income: $9,780/year     -    Cap Rate: 6.52% at asking price     -    HOA: $827/month (includes gas, electric, and water)     -    Taxes: $208/month     -    HO6 Insurance: $150/month This unit is cash flow ready with no upfront rehab needed. Strong rental demand, low vacancy, and all utilities wrapped into one HOA bill make this a hands-off, passive income opportunity. - Perfect for:     -    Out-of-state investors     -    1031 exchange buyers     -    New landlords looking for plug-and-play cash flow income and … read more …