126-128 North Portland Avenue

126-128 North Portland Avenue

Ventnor City, NJ 08406

$1,600,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with stairs
a bathroom with a sink a toilet and shower
a bedroom with a bed and a window
a view of a dining room with furniture and wooden floor
a bedroom with a bed and a window
a kitchen with stainless steel appliances kitchen island granite countertop a sink a stove top oven a counter space and cabinets
a living room with furniture and a flat screen tv
a view of a house with deck and wooden furniture
a bathroom with a sink and mirror
a bathroom with a sink toilet and window
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a kitchen with a refrigerator a stove a sink and cabinets
a living room with furniture and a table
a view of a dining room with furniture and window
a living room with furniture and a window
a bedroom with a bed and cabinet
a bathroom with a sink and a window
a kitchen with a stove a sink dishwasher a dining table and chairs with wooden floor
a living room with furniture a flat screen tv and a window
a view of a house with wooden deck
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a view of a livingroom with furniture and wooden floor
a bathroom with a shower
a bathroom with a toilet and a shower
a bedroom with a large bed and dresser
a living room with furniture and a wooden floor
a living room with furniture and a flat screen tv
a view of a dining room with furniture and wooden floor
a bathroom with a sink a toilet and a mirror
a close view of cabinet
a kitchen with a sink a refrigerator and cabinets
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator a stove a sink and white cabinets with wooden floor
a living room with furniture and a lamp
a room with gym equipment
a view of a livingroom with furniture and a window
a bathroom with a sink and a mirror
a view of entryway
a view of entryway
a view of an empty room
a view of a hallway with wooden floor and staircase
a bathroom with a bathtub and a window

Description

2 Property Package – Consists of (2) Multi-Unit & Mixed Use properties with long history of income generation and tons of upside potential for its new owner. Both properties were leased to, and utilized by a short term rental company for last few years. Current owner decided to lease out both buildings with long term tenancies due to their unwillingness to spend the time on the short term rental business model. Currently grossing 120k+ annual as follows: 126 N. Portland (Bl#169 L#51.01) is a duplex...2 Property Package – Consists of (2) Multi-Unit & Mixed Use properties with long history of income generation and tons of upside potential for its new owner. Both properties were leased to, and utilized by a short term rental company for last few years. Current owner decided to lease out both buildings with long term tenancies due to their unwillingness to spend the time on the short term rental business model. Currently grossing 120k+ annual as follows: 126 N. Portland (Bl#169 L#51.01) is a duplex property – Unit A is a 1BR + Bonus Den and pays $1,750 + $100 in water, Unit B is a bi-level 2BR and pays $2,100 + $100 in water. Laundry center located on street level basement, (opportunity for new owner to generate add’l income). 128 N. Portland (Bl#169 L#50) is a large building with a ton of extra possibilities to generate income – First floor is a 1,100 sq. ft commercial/ mixed use space that offers 70 ft deep in garage space w/ exposed brick and a lot of storage room areas in the back of it. There is also a separate street entrance to a 200 sq. ft office w/ full bathroom that the current tenant is renting all at $1,750. Unit A is a 2 bedroom w/ washer and dryer, upgraded kitchen, but is not recognized with the city as its own unit legally. Unit can be adjoined with Unit B in the future to achieve a substantial increase in NOI. Unit B is a 1BR occupied with a long term tenant paying $1,600 + $50 in water. Unit C is a massive 3BR + Bonus Den currently occupied with tenants paying $2,400 + $150 in water. In the rear of the 128 building is a large detached, two story free standing garage/ workshop with T-111 siding – this building is only used currently as a storage space and it’s condition is as-is with no warranty or representations. Current owner expressed interest in tearing down structure in hopes of installing a swimming pool which would complement a short term rental operation, or to renovate as add’l garage space. There is a parking lot in rear of 126 side that owner allows all tenants to utilize as off street parking.
  1. Listed by JOSH FENWICK • KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Property Details for 126-128 North Portland Avenue

City/Community
Ventnor
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No

Location

Listing Courtesy of KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Add your commute
LISTING UPDATED: 05/10/2024 07:05 PM

Property Details for 126-128 North Portland Avenue

StatusActive
MLS #585103
Days on Market14
Taxes$16,192 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built-
Lot Size0.32 AC / 13,780 SF
CountyAtlantic County

Location

Listing Courtesy of KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Add your commute

Building Information for 126-128 North Portland Avenue

Stories-Residences5Year Built-Building Size-Lot Size0.32 AC / 13,780 SF

Payment Calculator

$10,081 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,349

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126-128 North Portland Avenue

Summary
Location and General Information
  • Address: 126-128 N Portland Ave Ave
  • Address Direction: N
  • Address Number: 126-128
  • Address Search Number: 126
  • Address Street: Portland Ave
  • Area: Ventnor City
  • County: Atlantic
  • Directions: Input 126-128 N Portland Ave
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Zip: 08406
Owner
  • Owner: EMF Holdings / AGF Hold
Parking
  • Garage: Two Car
Taxes and HOA Information
  • LVT Date: 05-10-2024
  • Tax Year: 2023
  • Taxes: 16192
Property
Lot Information
  • Approved Short Sale?: No
  • Block #: 169
  • Lot #: 50 & 51.01
  • Lot Dimensions: 52x265
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 608500
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Gravel, Stone
  • Outside Features: Patio, Porch, Shed, Sidewalks
  • Siding/Exterior: Stucco, Vinyl
Interior Features
  • Air Conditioning: Electric
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Basement: 6 Ft. or More Head Room, Outside Entrance
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Laundry/Utility Rm
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 2
  • # of 2 Bedroom Units: 1
  • # of 3 Bedroom Units: 1
  • # of 4 Bedroom Units: 1
  • Annual Taxes: 16192
  • Limited Service (Y/N): No
  • Number Of Units: 5
  • Owner Occupied (Y/N): No
  • Rental Information: 100 Percent Occupancy, Yearly
  • Separate Meters: Electric, Gas, Heat, Hot Water, Water
  • Suitable For: Bed and Breakfast, Condo Conversion, Multi Family + Rooms, Other (See Remarks)

Property History for 126-128 North Portland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 126-128 North Portland Avenue

This home is within Ventnor City School District.
Rating
School
Type
Grades
Distance
Ventnor Elementary School
Public - PK to 4
Ventnor Middle School
Public - 5 to 8
St. James Elementary School
Private - PK to 8
Rating
School
Distance
Ventnor Elementary School
PublicPK to 4

Ventnor Middle School
Public5 to 8

St. James Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 126-128 North Portland Avenue, Ventnor City, NJ 08406

126-128 North Portland Avenue is a multi-family home for sale in Ventnor City, NJ 08406. This property was listed for sale on May 10, 2024 by KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield, it's currently listed at $1,600,000. It has been on the market for a total of 14 days and was last sold on June 11, 2023. This listing's school district is Ventnor City School District. Nearby schools include Ventnor Elementary School, Ventnor Middle School and St. James Elementary School. 126-128 North Portland Avenue is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.