Fantastic opportunity to purchase a cash flow investment property right across from the boardwalk and beach in Ventnor, New Jersey. It is located close to Atlantic City in a young and trendy area known as North Beach. This is a corner property that offers 7 residential income producing units and two prime commercial units with 1 space available. Restaurant has a split style ductless air conditioning unit, and the apartments have window unit air, Natural gas, steam boiler heating, coin operated laundry room on first floor ground level, siding is brick and stucco in the front and sides, and cedar in the rear. Freshly painted. 5205 Atlantic property is located in a non flood zone higher elevation area and no flood insurance is required. Unit 1 is a 3 bedroom 1 bath. The yearly tenant uses this unit as a 2nd home summer property. Unit 2 is a 1 bedroom 1 bath Unit 3 is a 1 bedroom 1 bath unit 4 is an efficiency unit unit 5 is a 2 bedroom 1 bath unit on the top floor. Refer to it as the penthouse unit with direct ocean views. Unit 6 is a 1 bedroom 1 bath, Policeman occupies this unit. Unit 7 is an efficiency with direct ocean facing view. Most of the roof is new. Front roof over the restaurant is under repair/ construction, and the rear roof over the cedar siding section isn't new, but doesn't leak.
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