MLS® ID: 516226

22 S Richards Ave

Ventnor, New Jersey, 08406

$695,000 Active
  • - SQFT
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
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Listing courtesy of KELLER WILLIAMS REALTY-CHERRY HILL

Amenities

  • Zip
    08406
  • Office name
    KELLER WILLIAMS REALTY-CHERRY HILL
  • SQFT
    0
  • Property type
    Triplex
  • Zoning type
    MULTI-FAMILY
  • Year built
    1925
  • Lot size
    2275 SQFT
  • Sewer
    Public Sewer
  • Heating
    Forced Air,Gas-Natural
  • Tax year
    0
  • Agent name
    BRYAN VURGASON
  • Purchase Type
    Active
  • Price Range
    $600k-$700k
  • Square Feet Range
    < 1000 sq ft.
  • Area
    Ventnor City
  • Year Built Range
    1989 (and earlier)
  • Office ID
    898
  • Agent ID
    10901

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