Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C/MU · Ventnor City, NJThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C/MU in Ventnor City, NJ.
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