5201 Ventnor

Description

One of a kind opportunity in the North Beach Section of Ventnor. Amazing location, surrounded by the brand new movie theater, restaurants and shops, just short 2 blocks to the beach & boardwalk and 1 block to the bay. This multi use property boasts a whole entire block situated in between N Weymouth and N Frankfort Avenues facing Ventnor Ave. The building is 100% occupied and generates over $70,000 net income. The property has 2 commercial spaces one of them a nail salon and the other is a karate studio, both establishments have been occupying the building for years. On the second floor there are 5 apartments - two 2 bedroom & 1 bath, two 3 bedrooms & 1 bath and one 4 bedrooms & 1bath units. The building has a laundry room with coin operated machines. There has been recent updates and capital improvements to the property such as a brand new sewer line on the Frankfort side and the brand new roof on the Weymouth Ave side. The property consists of 3 lots and 3 separate roofs. The potential is endless!