4215 Ventnor Avenue new Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08400
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $156
MLS Listing ID 22512315
Year Built 1930
Annual Tax Amount $9,969
Tax Year 2024
Lot Size 1,742 Sqft
Property Sub-Type Commercial
Property Description
This listing can't be shown until Sunday, 5/4. Just two blocks from the ocean and boardwalk, this fully leased income-producing property offers strong cash flow and long-term growth potential. The building features four spacious residential units and a commercial storefront. Each apartment includes a comfortable living area, a full kitchen, generously sized bedrooms, and carpeting throughout. The landlord covers heat and hot water, while tenants are responsible for their own gas and electric, helping to minimize owner expenses and stabilize net income. The current rent roll includes a commercial space generating $1,575 per month, plus a share of utilities and water/sewer. The residential units are rented as follows: Apartment 1 at $1,350 per month, Apartment 2 at $1,200 per month, Apartment 3 at $1,500 per month, and Apartment 4 at $1395 per month. With all apartments individually metered and a desirable location close to shopping, restaurants, entertainment, and public transportation, this property is well positioned to attract and retain quality tenants.
This is an excellent opportunity to acquire a strong cash-flowing asset in one of the area's most sought-after coastal markets.
Location
State NJ
County Atlantic
Area None
Interior
Heating Baseboard,Other
Cooling Window Unit(s)
Flooring Tile,Other
Exterior
Parking Features On Street
Roof Type Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Virtual Tour https://www.zillow.com/view-imx/12b84c97-73c9-45f4-9903-00e8ebf4205d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard