OWN FOR THE PRICE OF RENTING !!! 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%.
For sale
Price cut: $5K (7/17)
$145,000
2834 Atlantic Ave APT 505, Atlantic City, NJ 08401
2beds
--sqft
Est.:
Condominium
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private balconyModern kitchenUpdated bathroom
- 86 days
- on Zillow |
- 446 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 04:52am
Listed by:
Tiarrah Turner,
WEICHERT REALTORS ASBURY GROUP-AC
Source: SJSRMLS,MLS#: 595977

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Features
- Has fireplace: No
Property
Parking
- Parking features: See Remarks
Features
- Levels: Five or More
Details
- Parcel number: 1
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Brighton
HOA
- Services included: Electricity, Maintenance, Management, Sewer, Trash, Water
Location
- Region: Atlantic City
Financial & listing details
- Tax assessed value: $70,100
- Annual tax amount: $1,700
- Date on market: 5/7/2025
- Date available: 05/07/2025
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