22 S Marion Ave - Apartments FOR SALE


Ventnor City, NJ 08406
$1,249,000 USD
609-289-1139
22 S Marion Ave, Ventnor City, NJ for Sale
$1,249,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

22 S Marion Ave
Ventnor City, NJ 08406


OVERVIEW

Unique South Side Triplex with Ocean Views. Incredible opportunity to own a well-maintained street-to-street triplex in Ventnor's highly desirable North Beach section, just steps from the sand and offering gorgeous ocean views! This rare find features three distinct units, with two currently owner-occupied and one vacant, ready to generate rental income or be customized for your needs. The property greets you with a charming front porch where you can relax and enjoy the ocean breeze. Step inside to a welcoming foyer that leads into the main-level unit, featuring a renovated kitchen with stainless steel appliances, dual fuel stove, dishwasher, and a nearly brand new refrigerator (purchased December 2024). This unit offers total of 3 bedrooms, and 2 bathrooms - 2 of the bedrooms and a full bathroom, and direct access to a stunning oversized fiberglass deck, newly redone in 2024 located on the main level. The living space continues downstairs to a finished ground-level area with a second full bathroom, bedroom and living area with extensive storage. The utility room with all the mechanicals including a brand-new water heater and upgraded high-velocity ductwork for central air also accessible through this area and from the outside as well. The top-level unit boasts 3 bedrooms, a cozy living room with kitchenette, and an updated full bath, perfect for extended family, guests, or rental income. The middle unit, previously rented and featuring strong rental history, offers 2 bedrooms, 2 bathrooms, in-unit washer/dryer, and spacious living areas cooled with window units. Additional highlights include a fire alarm system for safety, a galvanized steel spiral staircase (installed 4-5 years ago) serving as a fire escape, ample off-street parking from Austin Ave, and an oversized 2-car garage with direct access. The property has separate electric meters. Properties like this rarely hit the market, especially in this location. Don't miss your chance to own a versatile and income-generating gem just blocks from the beach. Schedule your tour today and make this triplex your next investment win! Property being sold AS-IS.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RR-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mary Lou FerryFarley & Ferry RealtyMore Info
609-289-1139

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Mary Lou FerryFarley & Ferry RealtyMore Info
609-289-1139

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