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Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 582420
Sold Date 05/17/24
Bedrooms 2
Annual Tax Amount $6,096
Tax Year 2022
Property Description
Excellent opportunity to own a duplex in Ventnor! Fully occupied with a fantastic income stream! Located on an OVERSIZED LOT 60x62.5, opportunities are endless! Rent out both units, live in one and rent out the other, or tear down and build side-by-sidetownhomes, in this R7 zoned area, or potentially get a variance to build two single family homes. The ground floor unit features 3 bedrooms and a full bath. The open layout features a breakfast bar in the kitchen and leads to the living room and the 3 bedrooms and full bath. The second floor unit features an open layout with 3 bedrooms and a full bath. You'll be welcomed by a cheerful large porch to relax & enjoy the beach air. The kitchen has vaulted ceilings and the spiral staircase leads to an additional loft area that can be used as an office space or additional bedroom! 2 off street parking spots and large yard to entertain. Fully occupied with a fantastic income stream! Wonderful tenants in both units. 1st floor tenant pays $1,900 per month. Lease ends 6/30/24. 2nd floor tenant pays $2,450 per month. Lease ends 11/30/24. Great location, walk to the BEACH & BOARDWALK, and all the best stores and restaurants!!
Location
State NJ
County Atlantic
Community Ventnor
Area Ventnor City
Location Details Boardwalk Area
Rooms
Other Rooms Dining Area, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room, Loft
Basement Crawl Space
Interior
Heating Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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