Atlantic City NJ Duplex $69k

[Kurt Kwart]

Zillow Link to Property

Great Investment property on 2 lots in Atlantic City New Jersey.

Good future development opportunities. Presently used as a Duplex first unit has 2 bedrooms 1 bath the second unit has 2 bedrooms and 1.5 baths. Use one as a vacation home and the other as a rental to pay your bills. The address is 45 & 47 N Bellevue Ave.

[Kurt Kwart]

@Joseph ODonovan NJ does have high taxes but with the proper appeal in AC, many drop significantly.  For example what is listed for this property is actually 25% less (low $3000 range after appeal). 

I love the city but property management is a big issue.  There  zero 3rd party mangers I could recommend.  The most successful people here scale it up themselves.  

Prices bottomed out and now we have lots of new development in the city.  There are at least 6000 new jobs coming on line this year.  Flooding is the biggest issue.  Some areas are low and others have basements that have never flooded.