United StatesNew JerseyVentnor126-128 N Portland Avenue

126-128 N Portland Avenue
126-128 N Portland Avenue Ventnor, New Jersey 08406 United States

$1,550,000
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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...

BALSLEY/LOSCO

Listing Courtesy of BALSLEY/LOSCO
$1,550,000
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1
Bedroom
Multi-Family Homes
Property type
560375
Web Id
560375
MLS ID
Ventnor City City
School District
10
days ago

About 126-128 N Portland Avenue

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.

Listing Courtesy of BALSLEY/LOSCO

PROPERTY INFORMATION

Cooling
Central, Multi-Zoned
Garage Info
Attached Garage, Three or More Cars
Heating
Gas-Natural, Multi-Zoned
Sewer
Public Sewer
Water
Public
126-128 N Portland Avenue, Ventnor, New Jersey 08406 United States is a Multi-Family Homes for Sale for $1,550,000. Was built in , has on a lot of and it's composed from 1 Bedrooms, full baths
Listing Courtesy of BALSLEY/LOSCO

BALSLEY/LOSCO

Listing Courtesy of BALSLEY/LOSCO
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