4215 Ventnor Ave Ave new Save Request In-Person Tour Request Virtual Tour
Atlantic City,NJ 08401
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 595670
Annual Tax Amount $9,969
Tax Year 2024
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
Community Atlantic City
Area Atlantic City
Interior
Heating Baseboard
Building
Sewer Public Sewer
Water Public
Others
Virtual Tour https://www.zillow.com/view-imx/12b84c97-73c9-45f4-9903-00e8ebf4205d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard