MLS® ID: 523082
2009 Caspian Ave
Atlantic City, New Jersey, 08401 $119,900
Large side/side duplex features 2sty 3br 1.5 bath w/nice size room in both units. One unit is currently occupied by tenant paying reduced rent $1100 (long term but no lease in place) and the 2011 unit is occupied by family member and can be sold vacant. Typically 3br 2sty rents $1,300 depending on the condition, this property needs updating but has so much potential to have a 13.87 % cap rate (both units rented $1300 min and repairs completed). 2011 unit on the left has 3 floors and previously had an efficiency (not up to code or confirmed as a legal unit) which can possibly be 4 br.