Residential Income in Atlantic City

$549,900

3816 Ventnor, 08401, Atlantic City, NJ

Residential Income for sale in Atlantic City, 3816 Ventnor, 08401

3816 Ventnor, 08401, Atlantic City, NJ

$549,900

Type: Residential Income

Description

Discover an outstanding investment opportunity in a prime location just minutes from Stockton University and only a short walk to Atlantic City's beautiful beaches, world-famous Boardwalk, casinos, restaurants, shopping, and public transportation. This income-producing mixed-use triplex offers the perfect combination of immediate cash flow and long-term appreciation. The street-level pizza shop is leased under a Triple Net (NNN) lease, providing reliable income with minimal landlord expenses. The second-floor apartment is currently rented at $1, 500 per month, while the newly renovated third-floor 3-bedroom apartment is vacant and move-in ready, with a projected rental income of approximately $2, 100 per month. Whether leased to a long-term tenant, used for student housing, or occupied by the new owner, this beautifully updated unit offers exceptional flexibility. When fully occupied, the property has the potential to generate over $70, 000 in annual gross rental income, making it an excellent addition to any investment portfolio. With its unbeatable location, strong income potential, and opportunity for future growth, this property is ideal for investors seeking passive income or buyers looking to offset their mortgage with rental revenue. Showings begin July 1st. Please do not disturb tenants.

Location

3816 Ventnor, 08401, Atlantic City, NJ

Data

Object TypeResidential Income
Purchase Price$549,900
Living Space0 m²
Plot SizeN/A
BathroomsN/A
Construction Year1925
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHot Water
Primary Energy SourceN/A
Construction Year1925
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent