117 N Newark Ave, Ventnor, NJ 08406 US Margate Home for Sale

117 N Newark Ave, Ventnor, New Jersey

Property Details

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$315,000

Listing Information

  • MLS: 522974
  • Bedrooms: 0
  • Baths: 0
  • Partial Baths: 0
  • Heat Source: Gas-Natural

Property Description

Two-story duplex only 3.5 blocks from the beach and close to the Margate-Ventnor border. This property offers a lot of space with two 2-bedroom units and includes a long driveway with parking for 3 cars and a rear yard and shed. The second floor apartment has a bonus room in addition to the 2 bedrooms, a full bath, a full attic, kitchen area and a stackable washer and dryer inside the unit. The first floor apartment also has 2 bedrooms, an open kitchen, and a laundry room area with its own stackable washer and dryer. The sun fills these units all day long! The duplex has separate utilities, separate heater and hot water for first and second floors. The water and sewer are shared. Both top and bottom floors have front and back access. This is a great opportunity to live close to the beach and utilize the entire property for your family, or occupy one apartment and rent the other floor out, or rent out both as a fully occupied income property! Currently both units have yearly leases in place through July 31, 2019 for $1185 for the second floor and $1185 for the first floor. The first floor will be vacant as of July 31, 2019 so new owner can enjoy for rest of the summer or seasonal rent it for the month of August and then rent it out again to a winter tenant or annual tenant after the summer!

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Contact Information

Photo of Ashley Franchini Real Estate
Ashley Franchini
Soleil Sotheby's International Realty
8502 Ventnor Ave
Margate NJ 08402
Cell: 609-233-6116
Fax: 609-487-8001

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