This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
105 S Victoria Avenue, Ventnor City, NJ 08406
$2,200,000
105 S Victoria Avenue, Ventnor City, NJ 08406View this property at 105 S Victoria Avenue, Ventnor City, NJ 08406
105 S Victoria AvenueVentnor CityNJ08406
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/37
Property Description
OFFERED AS A RENTAL PROPERTY OR AS A REDEVELOPMENT OF CONDOS. Seize the opportunity to own a truly exceptional beach block property with options!! This 12-unit multifamily gem offers the perfect blend ofcomfort and convenience, featuring one-bedroom layouts with two distinct sizes - 6 units spanning 400 sqft and the remaining 6 boasting 600sqft of living space. Currently, this property presents a unique investment opportunity, with only 4 units occupied out of the 12, 3 of which areunder active yearly leases. The potential for growth and income is immense, offering the chance to maximize returns in a prime beach blocklocation. Also an exceptional redevelopment opportunity with R9 zoning permitting Single family, townhomes or condos situated on a generous62.5x60 lot in the coveted B zone. It is important to note if this property is completely redeveloped due to City ordinance already in placestructure can be built 67 ft high by default and without a variance and that will make it the highest building in the entire beach block. Developersand builders please call to get all detailed information. The building is 7700 sq ft with finished basement and laundry room.The property enjoys the benefits of a high elevation, ensuring peace of mind for both residents and investors. SELLER represents that property has not been subject to flooding and no bank ever obligated seller to buy flood insurance during his 35 years ownership. During the Super Storm Sandy no water accumulated on Victoria Ave, not on the sidewalk, not on the street and not on the property itself. Heating is efficiently managed via oil, while separate electric and cooking gas meters provide added convenience and flexibility. This property presents a rare opportunity to become a part of the vibrant island life, with its burgeoning community and endless possibilities for redevelopment and enhancement. The property is sold in as is condition. Also Don't miss out on this chance to secure your slice of paradise and capitalize on the thriving beach block market -schedule your viewing today!
Full Property Details
Full Property Details for 105 S Victoria Ave
General
- Price: $2,200,000
- Taxes: $18,619 (2023)
- Status: Active
- Type: Apartment
- MLS ID: NJAC2012268
- Updated: 4/29/2024
- Added to Site: 17 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Parking Type: Other
Location
- Area: Ventnor City (20122)
- Municipality: VENTNOR CITY
- County: Atlantic
- Driving Directions: Turn down from Atlantic Ave to S Victoria, beach block
Heating & Cooling
- Cooling Type: Other
- Heating Type: Radiator
- Heating Fuel: Oil
- Water Heater: Oil
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,750
- Lot Size Source: Assessor
- Lot Dimensions: 60.00 x 62.50
- Zoning: R9
Water Features
- Water Front Type: Ocean
Financial Considerations
- Price Per Sq. Ft.: $285.45
- Assessment Year: 2023
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $699,700
- Tax Amount: $18,619
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 5
Listed by Farley & Ferry Realty Inc, Mary Louise Ferry
Get Pre-Approved Today
Schools
Schools serving 105 S Victoria Ave
School District:Ventnor City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
400 N Lafayette Ave, Ventnor City, NJ 08406 | PK-4 | 1.3 mi | |
400 N Lafayette Ave, Ventnor City, NJ 08406 | 5-8 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 105 S Victoria Ave
Date
Details
Price
Change
Source
4/29/2024
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 105 S Victoria Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$17,996
-1%
$699,700
—
2021
$18,108
—
$699,700
—
2019
$18,087
-2%
$699,700
—
2018
$18,430
-1%
$699,700
—
2017
$18,528
11%
$699,700
-9%
2016
$16,767
1%
$767,000
—
2015
$16,613
9%
$767,000
—
2013
$15,256
—
$767,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 105 S Victoria Ave
105 S Victoria Avenue, Ventnor City, NJ 08406 (MLS# NJAC2012268) is a Apartment property. 105 S Victoria Avenue is currently listed for $2,200,000 and was received on April 29, 2024. Want to learn more about 105 S Victoria Avenue? Do you have questions about finding other Apartment real estate for sale in Ventnor City? You can browse all Ventnor City real estate or contact a Coldwell Banker agent to request more information.