Ad #7894274
MLS #609558
TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City
1141 N Michigan, Atlantic City, New Jersey, 08401
$179,900
3Beds
1Baths
--Sqft
--Acres
About this property
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 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.
Property Features
3 Beds
1 Baths
0 Sqft
Built in 1959
0 Acres
2 Stories
Electric (Heating)
$1,555 / yr property tax
Atlantic County
Additional Photos
Contact Information
QIZHAN (JACK) YAO
Realmart Realty LLC
732-727-2285
Location
Listing Agent: QIZHAN (JACK) YAO 732-727-2285
Broker: Realmart Realty LLC 732-727-2285 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realmart Realty LLC 732-727-2285 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$179,900
3
Beds
1
Baths
--
Sqft
1141 N Michigan, Atlantic City, New Jersey, 08401
By contacting this agent you agree to these Terms and Conditions.
MLS# 609558
TURNKEY INVESTOR SPECIAL: 11.6% Gross Yield in Atlantic City
$179,900
1141 N Michigan, Atlantic City, New Jersey, 08401
3
Beds
1
Baths
--
Sqft
--
Acres
$179,900
1141 N Michigan, Atlantic City, New Jersey, 08401
3 Beds
1 Baths
-- Sqft
-- Acres
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 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.
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Property Details
HOME DETAILS
3 Beds
1 Baths
0 Sqft
Built in 1959
0 Acres
2 Stories
INTERIOR
Electric (Heating)
FINANCIAL & COMMUNITY
$1,555 / yr property tax
Atlantic County
See More Details
Location
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Ad Statistics
Ad Number
7894274
Viewed
34 times
Listing Status
Active
Added
Jul 06, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
South Jersey Shore Regional MLS
Source Property ID
609558
Listing Agent: QIZHAN (JACK) YAO 732-727-2285
Broker: Realmart Realty LLC 732-727-2285 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Realmart Realty LLC 732-727-2285 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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