Property Description

This property is located 1.5 blocks from the beach with views of the ocean from the upper deck. The entire property was thoroughly updated approx. 12 years ago & features a total of 3 spacious two bedroom units. This property provides endless opportunities! Continue collecting the rental incomes from all 3 units or you could rent 2 units & use the 3rd vacant unit as your own summer getaway just a short walk to the beach. When fully rented this building brings in approx. $42000 annually on year leases. Rents have remained the same for years! Rent increases or converting to a weekly or seasonal summer rental could lead to higher annual income. Similar buildings on this street have gone through the condo conversion process & been sold individually. Buyer is responsible to do their own due diligence. The 1st floor has a private entrance, 1 full bath, kitchen & living room. The 2nd floor has 2 full baths, a kitchen, dining room, living room, large sun room, front & rear deck. The 3rd floor was updated in Dec. 2018. It is a 2 full bath unit with a front & rear deck. It has been painted thru-out, has new appliances, new carpet, many new lights, a sun room with views towards the ocean & a new water heater & a/c system. This unit also features kitchen, dining room & living room. All three units include: Refrigerator, Range, Dishwasher & Washer/Dryer. Kitchens, Dining rooms & bathrooms all offer tile floors! The roof was replaced approx. 4 years ago. 2 garages. Do not disturb occupants

Features
: Forced air, Gas-natural
: Central, Ceiling fan(s), Window units
Address Map
US
NJ
Atlantic
Ventnor
08406
Richards
22
MLS Addon
Active
Public
Public Sewer
Sidewalks
Gas
Dishwasher,Dryer,Microwave,Refrigerator,Washer
One Car
BRYAN
VURGASON
KELLER WILLIAMS REALTY-CHERRY HILL
No
10901

Multi-family For Sale

22 Richards, Ventnor, New Jersey 08406

$649,000
Listing ID #538623
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 538623
Price : $649,000
Year Built : 1925
Agent info
Peter Madden
200 34th St.
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