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Listed by Hader Rivas Sr. • EXP Realty, LLC

$ 1,995,000

Est. payment -/mo

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3809 VENTNOR AVE Atlantic City, NJ 08401

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJAC2021946

Year Built 1939

Annual Tax Amount $26,528

Tax Year 2025

Lot Dimensions 6756 sqft

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

This bay front nine-unit building in Lower Chelsea is located directly across from Stockton University's Island Campus and just two blocks from the beach and boardwalk. The property includes seven three-bedroom units, one two-bedroom unit, and one one-bedroom unit. Currently, five units are leased on annual terms, while four are vacant and ready for immediate occupancy. The owner reports riparian rights for six boat slips and prior approvals for a rooftop deck. All units have already been condo-converted, providing buyers the flexibility to either hold the property for long-term rental income and appreciation or resell the units individually. This dual exit strategy makes the property highly appealing for investors seeking a wholesale acquisition with multiple paths for value growth. Recent improvements include new electrical systems throughout the building with permits, new panels and wiring, upgraded common-area lighting, new HVAC systems, approximately 80% new plumbing stacks, a new sewer line to the street, roof re-lining, eight tons of gravel added to the rear yard, removal of the old boiler, and added structural reinforcement with steel I-beams at the base of the building and sistered 4x4 beams at the main support columns on each floor. The property is fully fenced and secured with combination locks and a sixteen-channel camera system. Units offer water views, central air conditioning, gas heating, and gas cooking. Units A, B, C, 1, 3, and 5 were fully gutted and renovated, while units 2, 4, and 6 were recently updated. Street parking is available, and public transportation is easily accessible out front. The Ventnor-side location is close to grocery stores, restaurants, pharmacies, retail, and major Atlantic City destinations, including Tropicana, Caesars, Hard Rock, and Ocean Casino.

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning NC-1

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Vinyl

Inclusions All fixtures, HVAC units, plumbing/electrical systems, and any permanently installed equipment.

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Utilities Available Natural Gas Available, Sewer Available

Waterfront Description Private Dock Site

Water Access Y

View Water, Marina, Bay

Roof Type Flat

Accessibility None

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00236-00022-C0109

Ownership Condominium

Acceptable Financing Conventional, Cash, Bank Portfolio

Listing Terms Conventional, Cash, Bank Portfolio

Financing Conventional,Cash,Bank Portfolio

Special Listing Condition Standard

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3809 VENTNOR AVE Atlantic City, NJ 08401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3809 VENTNOR AVE