Property profile

5005 Ventnor Ave Ventnor City, NJ 08406

OFF-MARKET
Residential income homes
Property ID
US59-0567848
5,436 SF 0.09 ac lot Built 1920
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

The property at 5005 Ventnor Ave, Ventnor, New Jersey consists of a six-unit apartment building with a consistent layout across residences, each configured with two bedrooms and one full bathroom. The building has heating, ventilation, and utility systems reported to be in good condition and includes a roof replacement that was installed approximately two years prior. The site is positioned in Ventnor with walkable proximity reported to the beach and boardwalk (about two blocks), as well as the bay (about one block), and nearby access to local dining and shopping in the North Beach area. The building is suited to multiple operating models, including continued use as rental housing and consideration of a condo conversion, subject to applicable laws, regulations, and governing requirements for short-term or long-term occupancy.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1920
Construction BRICK
Total area 5,436 SF
Lot 0.09 ac (3,825 SF)
Zoning code C/MU
APN 22 00095-0000-00003
UPID US59-0567848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5005 Ventnor Ave Ventnor City, NJ 08406-2431
Ventnor City metro Census 13201 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
4 recorded transactions
2017
$585,000
2009
$595,000
2002
$330,000
1969
Price N/A

Zoning & alternative use

C/MU · Ventnor City, NJ
Zoning description

The purpose of the City Commercial and Mixed Use Development District is to allow centrally located, retail and service oriented business uses that serve the needs of City residents, while also permitting a combination o…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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