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Pending
  • Price cut: $9.9K (6/16)
    $220,000

    715 N Michigan Ave, Atlantic City, NJ 08401

    4beds
    2baths
    1,550sqft
    Duplex
    Built in ----
    -- sqft lot
    $210,800 Zestimate®
    $142/sqft
    $-- HOA

    What's special

    INVESTOR ALERT - 13%+ Cap Rate on this near Turn Key Money Making partially rented duplex near the corner of Magellan and N. Michigan Aves. 2nd floor has been rented via Seciton 8 for over a year now and the first floor is vacant, fixed up, and ready for a new tenant. Beautifully bold red brick exterior with white vynil wrapping around newer thermal windows. Seperate gas and electric (Paid by the tenants). Low water and sewer bill paid by the landlord. Close to AC Expressway & Route 30 (White Horse Pike) for easy access in and out of the city. Close to MLK School, the AC Convention Center and the Outlets at the Tanger Walk shopping center. Two minute car ride to the Borgata, Harrahs, & Golden Nugget hotel and casinos, the Absecon Lighthouse, and of the course the Jersey Shore Beaches and the Worlds most famous Boardwalk! Double Digit cap rates, positive cash flow, low maintenance and a booming real estate market make this an ideal purchase for the savvy buyers looking to time the market perfectly! Live in one unit and rent out the other! First time home buyers may even qualify for up to $50,000.00 in Grant Money towards this purchase! Buy it now with about 2.5 Bitcoins or ask us about Hard Money Loans & Private Financing. All standard bank loans are also acceptable as well including FHA, VA, DSCR, and Conventional financing options. Income and Expenses available to qualified buyers. Hablo Espanol.
    235 days
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    44
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    GERARD (Jerry) BARKER 609-481-7745,

    WEICHERT REALTORS ASBURY GROUP-AC

    Source: SJSRMLS,MLS#: 603069MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Baseboard, Electric
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Electric Stove, Refrigerator, Self Cleaning Oven
      Features
      • Basement: Slab
      • Has fireplace: No
      Interior area
      • Total structure area: 1,550
      • Total interior livable area: 1,550 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: None
      Features
      • Waterfront features: Boardwalk Area
      Lot
      • Size: 1,440 Square Feet
      • Dimensions: 16 x 90
      Details
      • Parcel number: 4

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Brick, Vinyl
      • Foundation: Slab
      Condition
      • New construction: No

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Atlantic City

      Financial & listing details

      • Price per square foot: $142/sqft
      • Tax assessed value: $144,800
      • Annual tax amount: $4,894
      • Date on market: 12/12/2025
      • Date available: 12/12/2025
      • Road surface type: Sidewalks

        Estimated market value

        $210,800

        $200,000 - $221,000

        $1,907/mo

        Price history

        DateEventPrice
        6/29/2026Pending sale$220,000$142/sqft
        Source: SJSRMLS #603069 Report a problem
        6/16/2026Price change$220,000-4.3%$142/sqft
        Source: SJSRMLS #603069 Report a problem
        5/1/2026Price change$229,900-3.8%$148/sqft
        Source: SJSRMLS #603069 Report a problem
        4/1/2026Price change$239,000-3.8%$154/sqft
        Source: SJSRMLS #603069 Report a problem
        3/18/2026Price change$248,500-0.2%$160/sqft
        Source: SJSRMLS #603069 Report a problem
        2/5/2026Price change$249,000-6%$161/sqft
        Source: SJSRMLS #603069 Report a problem
        1/9/2026Price change$264,900-1.5%$171/sqft
        Source: SJSRMLS #603069 Report a problem
        12/12/2025Listing removed$1,550$1/sqft
        Source: Zillow Rentals Report a problem
        12/12/2025Listed for sale$269,000+59.2%$174/sqft
        Source: SJSRMLS #603069 Report a problem
        10/29/2025Price change$1,550-3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/3/2025Price change$1,600-3%$1/sqft
        Source: Zillow Rentals Report a problem
        8/1/2025Price change$1,650-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        6/10/2025Listed for rent$1,700+4.6%$1/sqft
        Source: Zillow Rentals Report a problem
        10/1/2024Listing removed$1,625$1/sqft
        Source: Zillow Rentals Report a problem
        7/3/2024Price change$1,625-4.4%$1/sqft
        Source: Zillow Rentals Report a problem
        5/15/2024Listed for rent$1,700$1/sqft
        Source: Zillow Rentals Report a problem
        11/1/2022Sold$169,000+133.1%$109/sqft
        Source: Public Record Report a problem
        11/22/2021Sold$72,500-26.3%$47/sqft
        Source: SJSRMLS #529416 Report a problem
        6/2/2021Pending sale$98,400$63/sqft
        Source: SJSRMLS #529416 Report a problem
        5/11/2021Price change$98,400-1%$63/sqft
        Source: SJSRMLS #529416 Report a problem
        4/10/2021Listed for sale$99,400$64/sqft
        Source: SJSRMLS #529416 Report a problem
        4/1/2021Pending sale$99,400$64/sqft
        Source: SJSRMLS #529416 Report a problem
        1/15/2021Price change$99,400-0.5%$64/sqft
        Source: WEICHERT REALTORS ASBURY GROUP-AC #529416 Report a problem
        12/6/2020Price change$99,900-4.7%$64/sqft
        Source: Atlantic City - WEICHERT, REALTORS - The Asbury Group #529416 Report a problem
        12/3/2020Price change$104,799-1.9%$68/sqft
        Source: Atlantic City - WEICHERT, REALTORS - The Asbury Group #529416 Report a problem
        10/27/2020Listed for sale$106,799+188.6%$69/sqft
        Source: WEICHERT REALTORS ASBURY GROUP-AC #529416 Report a problem
        8/24/2017Sold$37,000-43.9%$24/sqft
        Source: SJSRMLS #491054 Report a problem
        8/23/2010Sold$66,000-66.3%$43/sqft
        Source: Public Record Report a problem
        12/4/2006Sold$196,100+366.9%$127/sqft
        Source: Public Record Report a problem
        9/4/2001Sold$42,000$27/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,999 +35.6%$144,800 +35.6%
        2024$3,687 -3.2%$106,800
        2023$3,807 -8.6%$106,800
        2022$4,166 -0.8%$106,800
        2021$4,202 +110.9%$106,800
        2020$1,992 +12.8%$106,800 +113.6%
        2019$1,767 $50,000
        2018$1,767 -29.6%$50,000
        2017$2,509 +1.8%$50,000 -23.1%
        2016$2,464 -18.2%$65,000 -9.7%
        2015$3,013 +12.9%$72,000 -20%
        2014$2,669 -31.8%$90,000 -33.3%
        2012$3,915 +7.6%$135,000 -32.9%
        2011$3,638 +5.6%$201,100
        2010$3,445 +2.8%$201,100
        2009$3,350 +207.9%$201,100
        2008$1,088 +0.8%$201,100 +588.7%
        2007$1,079 $29,200
        2006-- $29,200
        2005-- $29,200
        2004-- $29,200
        2003-- $29,200
        2002-- $29,200
        2001-- $29,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 08401

        Getting around

        74 / 100
        Very Walkable
        53 / 100
        Good Transit
        60 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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