Do Real Estate on the Go!
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Do Real Estate on the Go!
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$2,065,000
7 Beds
-- Bath
7,227sqft
11 S Oakland Ave, Ventnor, NJ 08406
$2,065,000
Multi Family
Built in 1922
$-- HOA
2,896 sqft lot
$286/sq.ft
Description
WOW !!! , 19 UNITS ( 7 One bed , 1 kitchen, 1 bathromm Apartments and 17 Studio Units ) EXCELLENT INVEST PROPERTY !!! : total annual gross rental incoe from 19 Units: $268.812.00 but 5 % vacant now so ( decuct $13,406 ) so now rental income is $255,406.00 and seller's expense are $55,719.00 so CURRENT NET ANNUAL RENTAL INCOME IS $200,000.00 . One and half block away from New Jersey Atlantic city Boardwalk , NO Gas Line, All tenants have their own elecric meter and pay bill. This would be a really good investment, currently over 10% cap and current owner has had it for 40 years and one person manages it for $1,200 a month and has a manager unit in the basement with all the...
Continue Reading- Houzeo last checked: 19 Minutes ago
- Listing updated: August 24, 2025 at 7:45 am
- Listing Provided by: Peter Han (215) 668-1666 | PK PROPERTY INC. (215) 635-5100
- Bought with: Peter Han (215) 668-1666 | PK PROPERTY INC. (215) 635-5100
- Source: Bright MLS-NJ | MLS#: NJAC2019198
Property Details
Status
Closed
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1922
HOA Fees
-
Finished Area
7,227 sqft
Lot Size
2,896 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
NJAC2019198
MLS Status
CLOSED-BRIGHT
Days on Market
-
Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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