Corner Buffalo at Atlantic Avenue - Apartments FOR SALE


Ventnor City, NJ 08406
$2,500,000 USD
215-885-3733
Corner Buffalo at Atlantic Avenue, Ventnor City, NJ for Sale
$2,500,000 USD
Apartments - FOR SALE
1/3
null | 3.13% Cap Rate

Corner Buffalo at Atlantic Avenue
Ventnor City, NJ 08406


HIGHLIGHTS

  • One block to beach.
  • High ceilings
  • Courtyard with outdoor shower

OVERVIEW

Built in 1928 by current owner's great-grandfather. Highest point in Ventnor, survived Sandy. Five units: Two one-bed one-bath, Two two-bed one bath, One (two story) two-bed two bath. Has courtyard with outdoor shower. Has basement with laundry. Fully occupied. Some recent renovations to three of the five units. Gas heat. Corner property one block to beach.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$773 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

3.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R7

APN/PARCEL ID

22-00075-0000-00007

ASK ABOUT THIS PROPERTY

Fredric PlotnickFredric L. PlotnickMore Info
215-885-3733

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Fredric PlotnickFredric L. PlotnickMore Info
215-885-3733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.