Are you looking for a lucrative investment opportunity in the bustling state of New Jersey? Look no further than this stunning 3 bed, 1 bath, 2 story corner detached single family home, now available for sale. With a section 8 tenant already in place, paying $1300 a month, this property is the perfect addition to any savvy investor’s portfolio.
The lease is set to expire in June, but the seller has already received paperwork to increase the rent, providing even more potential for a high return on investment. The property was inspected in June of 2022 and passed with flying colors, ensuring that any potential buyer can rest assured knowing that this property is in top condition.
In addition, the heater and hot water system are only a year old, and the heat is powered by gas forced air, ensuring that the property is energy-efficient and cost-effective to maintain. The 2022 property taxes were $2470, making this property an affordable investment option.
The tenant already pays for all utilities except for water and sewer, which are paid for by the seller. With a 24-hour notice requirement, the tenant is accommodating to showings, which are available on Mondays and Fridays between 11 am and 3 pm.
Investing in real estate can be a daunting task, but with this turnkey investment property, all the hard work has already been done for you. With a guaranteed monthly payment from a section 8 tenant, the potential for increasing rent, and a property inspection already completed, this is an opportunity not to be missed.
So what are you waiting for? Contact us today to schedule a showing and take the first step towards securing your financial future with this incredible investment property.
1708 Hummock Ave, Atlantic City, NJ 08401