Price Reduction - Views
22 S Richards Ave Ventnor, NJ
$ 695,000
Property Attributes
  • MLS#516226
  • TypeMulti-Family
  • CountyATLANTIC
  • CityVentnor
  • AreaVentnor City
  • Zip08406
  • StyleTriplex
  • Price$ 695,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Property Description

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

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/15/2019 Listed $729,000
4/29/2019 5% - $695,000

General Features

Listing Area Ventnor City
Listing Status Active
Status Active
Type Triplex
Year Built 1925

Interior Features

# of 2 Bedroom Units 3
# of Units 3
Air Conditioning Ceiling Fan(s), Central, Window Units
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Heating Forced Air, Gas-Natural
Other Rooms Dining Room, Florida Room, Kitchen, Living Room
Water Heater Gas

Exterior Features

Exterior Aluminum, Stucco
Garage One Car
Lot Dimensions 2275 SQFT
Outside Features Sidewalks
Separate Meters Electric, Gas
Sewer Public Sewer
Storms/Screens Screens
Water Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08406

AVG $360K
AVG 38
Year Built
AVG 1932
AVG 57
Data Provided by Walkscore ® not using MLS data

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