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Balsley Losco Real Estate - Northfield
Balsley Losco Real Estate - Northfield
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Balsley Losco Real Estate - Northfield

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126-128 N Portland Ave
Ventnor, NJ 08406
MLS# 560375 ID: 74852789
4912 sq.ft.
$1,550,000
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Property Description
4 - 10 Units - Ventnor, NJ 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.
Property Features
Status
Days On Market 82 days
Last Updated May 26, 2022
Market Status Available
Description
Property Type Multi Family
Sq. Feet 4912
Building Features
Cooling System Zoned A/C
Heating System Zoned
Central Air
Heating Fuel Natural Gas
Exterior Features
Exterior Construction Stucco; Vinyl Siding
Garage Attached
Porch/Deck
Legal/Financial
Taxes 15748 (2021)
Listing Features
Property Type MultiFamily; 4 - 10 Units
Room Details
Additional Areas Workshop

Data Provided by South Jersey Shore Regional MLS

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