Property Description
Condo - Atlantic City, NJ Fantastic opportunity to own a condo near the beach and boardwalk under $100,000!! This sun-filled unit is a one-bedroom condo with a private balcony overlooking the city! The unit offers newer flooring, newer windows, a newer slider, and more. Landmark Towers is located in the Stockton District and is just two blocks from the beach. The association fee includes heat/hot water, public water, public sewer, management, trash, maintenance, on-site laundry facilities, and more. Currently, its tenant occupied with a great tenant paying on time (lease ending October 31, 2022). Photos are before the tenant moved in; however, the unit still looks nice. Tenant pays $1,100 cash flows $278, COC ROI 10.67%, based on 25% DP 4% Interest and current tenant income and expenses.