$150,000
Mobile:
609-602-8208Office
609-399-0076x121Condo
2
1
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 expense sheet on documents. ALERT! Buy now with a few Bitcoins or ask about Private Financing Available Starting at 10%.
Total Rooms | 5 |
Full Bath | 1 |
# of Stories | Eleven or More |
Year Build | |
Lot Size | |
Tax | 1700.00 |
SQFT |
ParkingGarage | See Remarks |
Water | Public Water |
Bedrooms | 2 |
Half Bath | 0 |
# of Stories | Eleven or More |
Lot Dimensions | |
# Units | |
Tax Year | 2004 |
Area | Atlantic City |
Heating | Electric |
Sewer | Public Sewer |