11 S Oakland Ave - Apartments FOR SALE
Ventnor City, NJ 08406 |
11 S Oakland Ave
Ventnor City, NJ 08406
HIGHLIGHTS
- 6201 Atlantic Avenue offers a mix of one-bedroom and studio units, all tenant-paid utilities, on-site management, and minimal owner responsibilities.
- Excellent investment opportunity 1.5 blocks from the Atlantic City Boardwalk in a coastal neighborhood with strong year-round and seasonal appeal.
- Well-maintained low-rise building with 19 fully electric units and a current cap rate exceeding 10%, generating $200,000 in net annual income.
- Benefit from a fully updated roof, fire alarm system, and common area features that ensure efficient building operations and reduced capital risk.
- Ideal for long-term rental or Airbnb conversion, surrounded by shops, beaches, and over 89,000 residents with average incomes over $92,000 annually.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
19 Residential Unit Multifamily
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
16660
STORIES
3
YEAR BUILT
1928
PARKING SPACES
7
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
22-00049-0000-00009
