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126-128 N Portland

Ventnor, NJ 08406
  • $1,550,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 560375
$1,550,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Two Multi-unit residences with nearly $110,000 gross rental income and increases coming with renewals. There is offstreet parking behind and alongside one of the buildings. #126 Portland (Bl# 169 L#51.01) includes: (2) 2-BR 1-BA units with shared laundry facilities on the ground floor. #128 N Portland (Bl#169 L#50) includes: (1) 1-BR 1-BA, (1) 2-BR 1-BA, and (1) 3-BR 2 BA. All residential units are master-leased by one Tenant who owns all the furnishings & decor items, so the contents of each unit do not remain with the properties. #128 also has a 200sf office with full bath and an 1,100 sf garage/storage unit, which are occupied by a non-profit charitable organization. In the rear of #128 is a free standing frame garage/workshop with T-111 siding -- this building is only usable as extra storage and it's condition is as-is with no warranty or representations. Keep it or tear it down for more yard space and parking! We've been told that it may be possible and worthwhile to condo these units in the future, which could present a nice upside for the next owner.

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-05-19T23:50:11.483.
www.theoceansiderealtyteam.com/homes/126451835
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126-128 N Portland Ventnor, NJ 08406

  • Price: $1,550,000
  • Status: Active
  • On Site: 73 Days
  • MLS #: 560375
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ventnor City
County:
Atlantic
Area:
Ventnor City
Property Description
Two Multi-unit residences with nearly $110,000 gross rental income and increases coming with renewals. There is offstreet parking behind and alongside one of the buildings. #126 Portland (Bl# 169 L#51.01) includes: (2) 2-BR 1-BA units with shared laundry facilities on the ground floor. #128 N Portland (Bl#169 L#50) includes: (1) 1-BR 1-BA, (1) 2-BR 1-BA, and (1) 3-BR 2 BA. All residential units are master-leased by one Tenant who owns all the furnishings & decor items, so the contents of each unit do not remain with the properties. #128 also has a 200sf office with full bath and an 1,100 sf garage/storage unit, which are occupied by a non-profit charitable organization. In the rear of #128 is a free standing frame garage/workshop with T-111 siding -- this building is only usable as extra storage and it's condition is as-is with no warranty or representations. Keep it or tear it down for more yard space and parking! We've been told that it may be possible and worthwhile to condo these units in the future, which could present a nice upside for the next owner.
Exterior Features

Driveway ConcreteStone Garage Attached GarageThree Or More Cars Lot Dimensions 58 X 115 irreg Outside Features Deck Parking Three Or More Cars Siding Exterior StuccoVinyl

Interior Features

Air Conditioning CentralMulti-Zoned Heating Gas-NaturalMulti-Zoned Other Rooms Workshop Water Heater Gas

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No May Be Subject To Third Party Approval Short Sale No Multifamily Type 4 - 10 Units New Construction No Number Of1 Bedroom Units 1 Number Of2 Bedroom Units 3 Number Of3 Bedroom Units 1 Rental Information 100 Percent Occupancy Sale Or Rent For Sale Separate Meters ElectricGas Sewer Public Sewer Tax Year 2021 Taxes 15748 Water Public

Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Balsley/Losco.


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-05-19T23:50:11.483.
 
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