SOLD! INVESTOR ALERT: Great Opportunity to Meet the Demand for Quality Residential Rentals in Atlantic City with this 32-Unit Apartment Building

  • $1,200,000
3939 Ventnor Avenue
  • Investment, Multi-Family
  • Property Type

SOLD! INVESTOR ALERT: Great Opportunity to Meet the Demand for Quality Residential Rentals in Atlantic City with this 32-Unit Apartment Building

3939 Ventnor Avenue
  • $1,200,000

Overview

  • Investment, Multi-Family
  • Property Type
  • Address 3939 Ventnor Avenue
  • State/county New Jersey
  • Zip/Postal Code 08401

Details

Updated on December 22, 2021 at 12:47 pm
  • Price: $1,200,000
  • Year Built: 1930
  • Property Type: Investment, Multi-Family
  • Property Status: Sold
  • Building SqFt: 18,269
  • Block #: 231
  • Lot #: 6
  • Lot Dimensions: 70 x 95
  • Lot Size: 0.15 Acre
  • Number of Buildings: 1
  • Number of Units: 32
  • Number of Stories: 4
  • Frontage: 70'
  • Zoning: NC-1
  • Total Assessment: $1,550,000
  • Assessed Land Value: $320,000
  • Improvement Value: $1,230,000
  • Tax: $60,977
  • Tax Year: 2020
  • Construction/Siding: Brick
  • Heating: Gas - Natural, Multi-Zoned
  • Hot Water: Gas
  • Location: Corner
  • Separately Metered: Electric
  • Sewer: Public
  • Style: Free-Standing
  • Water: Public

Description

SOLD! INVESTOR ALERT: Great opportunity to meet the demand for quality residential rentals in Atlantic City with this 32 unit apartment building. Property is completely vacant and partially gutted, needs a complete renovation. Full Architectural, Engineering, Legal, Survey and Financial Proforma available. There are 8 units per floor. South side of Atlantic City only 2 blocks to the Stockton University Campus and 2 blocks to the beach and boardwalk. Currently only 24 units can be renovated without getting Flood Management Relief for the ground level for residential. Other possible ground floor uses: Retail or Office. Price reflects the reduced units. Showing to financially qualified buyers only!

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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