$550,000
$650,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
SOLD DATE : 10/26/2022
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 564483
Sold Date 10/26/22
Bedrooms 3
Year Built 1970
Annual Tax Amount $8,949
Tax Year 2021
Property Description
5 Unit Mixed Use Apartment Building! All Apartments Have Their Own Entry and Exits and Have Separate Meters for Gas and Electric. The First Floor has Two Commercial Units. The Large Commercial Space Features 2200+ Sq Ft of Remodeled Office Space With 1.5 Bathrooms, Kitchenette, Storage, Tiled Floors Through-Out, Elevated Electrical and Fully Wired For Superior Telephone Service and Internet Based Businesses As Well As Many Other Retail/Office Professional/Service Type Businesses. The Small Commercial Unit is a Two Room Area With One Bathroom and Plumbing For Kitchenette, Approximately 350 Sq FT. The Second Floor has Three Spacious 2 Bedroom, 1 Bathroom Apartments All With Washer/Dryers. 137 B is in Very Good Condition. Unit #10 is in Average Condition. Unit #08 Needs Some Improvements. Total Rent Collected is $6225/Month. ALL TENANTS ARE ON A MONTH TO MONTH LEASE. FUTURE INCOME HAS GREAT POTENTIAL!! Conveniently Located Near Ventnor Heights Establishments, CVS, Pickleball, The Dorset Cafe, The Red Room, Custards Ice Cream, and More! Walking Distance to the Beach and Boardwalk, Playgrounds, Crew/Boat Ramp, and Ball Fields.
Location
State NJ
County Atlantic
Community Ventnor
Area Ventnor City
Rooms
Basement Slab
Interior
Heating Baseboard, Gas-Natural, Hot Water, Radiator
Exterior
Exterior Feature Brick
Garage None
Building
Sewer Public Sewer
Water Public
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