22 S Richards Avenue,  Ventnor City NJ, 08406

(NEW LISTING)
$675,000
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MLS# NJAC114104
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Last Updated: 7/5/2020 5:41 PM
Description for 22 S Richards Avenue Ventnor City, NJ 08406
This fantastic property is located one and a half blocks from the beach, with views of the ocean from the upper deck. The entire property was thoroughly updated approximately 13 years ago and features a total of 3 spacious two bedroom units. This property provides endless opportunities! It could remain as it is and be used to collect the rental incomes from all three units or you could rent two units and use the third vacant unit as your own summer place just a block and a half from the beach. When fully rented this building brings in approximately 42000.00 annually on year leases. Rents here have not been raised in years! Rent increases or converting to a weekly or seasonal summer rental could lead to higher annual income. Others with similar buildings on this street have gone through the process and separated the units into independent condos and sold them individually. Buyer would be responsible to verify any zoning change options or questions with the city zoning office. The first floor has a private entrance , 2 bedrooms, 1 full bathroom, kitchen and living room. The 2nd floor is a bright and spacious 2 bedroom, 2 full bathroom unit. It also offers a kitchen, dining room, living room, large sun room, front and rear deck. The third floor was updated in December 2018. It is a 2 bedroom, 2 full bathroom unit with a front and rear deck. It has been painted through out, has new appliances, new carpet, many new lights, a sun room with views towards the ocean, and a new water heater and a/c system. This unit also features kitchen, dining room and living room.All three units include the following features: Refrigerator, Range, Dishwasher, Washer/Dryer. Kitchens, Dining rooms and bathrooms all offer tile floors! The roof was replaced approximately 4 years ago. Two garages are included. Please do not disturb tenants all appointments must be confirmed in advance.
Price
$675,000
ATLANTIC
NJAC114104
NEW LISTING
Description
This fantastic property is located one and a half blocks from the beach, with views of the ocean from the upper deck. The entire property was thoroughly updated approximately 13 years ago and features a total of 3 spacious two bedroom units. This property provides endless opportunities! It could remain as it is and be used to collect the rental incomes from all three units or you could rent two units and use the third vacant unit as your own summer place just a block and a half from the beach. When fully rented this building brings in approximately 42000.00 annually on year leases. Rents here have not been raised in years! Rent increases or converting to a weekly or seasonal summer rental could lead to higher annual income. Others with similar buildings on this street have gone through the process and separated the units into independent condos and sold them individually. Buyer would be responsible to verify any zoning change options or questions with the city zoning office. The first floor has a private entrance , 2 bedrooms, 1 full bathroom, kitchen and living room. The 2nd floor is a bright and spacious 2 bedroom, 2 full bathroom unit. It also offers a kitchen, dining room, living room, large sun room, front and rear deck. The third floor was updated in December 2018. It is a 2 bedroom, 2 full bathroom unit with a front and rear deck. It has been painted through out, has new appliances, new carpet, many new lights, a sun room with views towards the ocean, and a new water heater and a/c system. This unit also features kitchen, dining room and living room.All three units include the following features: Refrigerator, Range, Dishwasher, Washer/Dryer. Kitchens, Dining rooms and bathrooms all offer tile floors! The roof was replaced approximately 4 years ago. Two garages are included. Please do not disturb tenants all appointments must be confirmed in advance.
Listing Information
Property Type: Single Family, Other
17 0.05 Acres ES
$160.71 1925 Yes-2 spaces
Stucco
Gas Water Heater, Public Water Service
Public Sewer
1 Total
Neighborhood
School Information
District: Ventnor City Schools
Room Information
Dining Area
Interior Features
Stacked Washer/Dryer, Microwave, Range/Oven Built-in, Dishwasher, Refrigerator, Range Hood
Hardwood, Tile, Carpet
Central Air, Window Air Conditioning, Electric, Ceiling Fan(s)
Gas Heat, Central
Recessed Lights, Wood Floors
Exterior / Lot Features
2 Garage Spaces,
Stucco
Deck
07
Exterior Lighting, Sidewalks, Street Lights
Driving Directions
Atlantic Ave to Richards Ave.
Financial Considerations
$10,281
2019
Listing Price History

Ventnor City Real Estate

Ventnor City is located in New Jersey. Ventnor City, New Jersey 08406 has a population of 10,533.

The median household income for the surrounding county is $48,652 compared to the national median of $50,013. The median age of people living in Ventnor City 08406 is 41 years.

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Courtesy: Keller Williams Realty - Cherry Hill
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This content last refreshed on 7/5/2020 5:41 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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