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Michael Ades

[email protected] +1(732) 245-7060

$ 700,000

Est. payment -/mo

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Active

4215 Ventnor Avenue Atlantic City, NJ 08400

4,464 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,464 sqft

Price per Sqft $156

Municipality Atlantic City (ATC)

MLS Listing ID 22512315

Year Built 1930

Annual Tax Amount $9,969

Tax Year 2024

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 24.45 x 76.2

Property Sub-Type Commercial

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

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

Area None

Direction Between Laclede Pl and Raleigh Ave

Rooms

Basement Slab

Interior

Heating Baseboard, Other

Cooling Window Unit(s)

Flooring Tile, Other

Exterior

Parking Features On Street

Roof Type Other

Private Pool No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 02-00224-0000-00023

Virtual Tour https://www.zillow.com/view-imx/12b84c97-73c9-45f4-9903-00e8ebf4205d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by Roman Balandin Realty LLC

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Michael Ades

+1(732) 245-7060

Agent | License ID: 1757492

Agent License ID: 1757492

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