11 S Oakland Ave, VENTNOR CITY, NJ 08406

Local realty services provided by:ERA Liberty Realty
#1#2#3
11 S Oakland Ave,VENTNOR CITY, NJ 08406
$1,950,000
  • 7 Beds
  • - Baths
  • 7,227 sq. ft.
  • Multi-family
  • Pending
Listed by:peter han
Office:pk property inc.
MLS#:NJAC2019198
Source:BRIGHTMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$269.82

About this home

WOW !!! , 19 UNITS ( 7 One bed , 1 kitchen, 1 bathromm Apartments and 17 Studio Units ) EXCELLENT INVEST PROPERTY !!! : total annual gross rental incoe from 19 Units: $268.812.00 but 5 % vacant now so ( decuct $13,406 ) so now rental income is $255,406.00 and seller's expense are $55,719.00 so CURRENT NET ANNUAL RENTAL INCOME IS $200,000.00 . One and half block away from New Jersey Atlantic city Boardwalk , NO Gas Line, All tenants have their own elecric meter and pay bill. This would be a really good investment, currently over 10% cap and current owner has had it for 40 years and one person manages it for $1,200 a month and has a manager unit in the basement with all the tools and equipment. And there are 19 electric meters for all 19 units with no gas so the owner is not responsible for much since the cooking, air conditioning, and heating are all electric. And there is one more electric meter that is for the common area lights and the owner pays the electric bill. There is a fire

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Home facts

  • Year built:1922
  • Listing Id #:NJAC2019198
  • Added:62 day(s) ago
  • Updated:August 13, 2025 at 07:21 AM

Rooms and interior

  • Bedrooms:7
  • Living area:7,227 sq. ft.

Heating and cooling

  • Cooling:Wall Unit, Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Year built:1922
  • Building area:7,227 sq. ft.
  • Lot area:0.07 Acres

Schools

  • High school:ATLANTIC CITY
  • Middle school:VENTNOR M.S.
  • Elementary school:VENTNOR E.S.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$269.82
  • Tax amount:$17,696 (2024)

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