Southern New Jersey and Surrounding Areas

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.