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Key Details
Sold Price $601,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 585940
Sold Date 09/04/24
Bedrooms 2
Year Built 1935
Annual Tax Amount $7,001
Tax Year 2023
Property Description
Perfect project for an experienced builder or developer. Being sold in Strictly "As Is/Where Is Condition". Building can be torn down for a new structure to be built on the lot, or property can be completely renovated as a duplex. We recommend any interested buyers speak with the Ventnor City Building & Zoning department. Property needs a complete & total renovation and is not habitable in current condition. Property has been vacant for a number of years. Property was raised after Hurricane Sandy but never completed. Property lacks stairs/steps for access. Property was partially gutted inside. Repairs were never finished/completed. We recommend a buyer have a survey done at buyer's expense to determine the exact property lines. Property may or may not be required to be reraised. It is recommended buyers complete their own due diligence. The property is listed on the tax records as 126 Portland Ave #B, but the mail box in front shows it as 126 N. Portland #A. Note: there is a property next door (on the bay side) with an address of 126 N. Portland Ave. That is a separately owned property, not affiliated with this listing. We recommend a buyer have a survey done at buyer's expense to determine the exact property lines. Cash Offers Only. No Financing. NOTE: Property is being sold with AS IS TITLE. There is an existing lien of approximately $150,000 which seller will not pay. BUYER will have to resume responsibility for resolving this after settlement. It is possible lien could be removed after a final C.O. is issued if Buyer choses to perform a complete & total rehab on the existing structure. Contacting listing agent for more details.
Location
State NJ
County Atlantic
Community Ventnor
Area Ventnor City
Rooms
Basement Slab
Interior
Heating Gas-Natural
Exterior
Parking Features Attached Garage
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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