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James Monteleone

James Monteleone 609-399-4211

109 E 55th St., Ocean City

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For Sale 105 Victoria, Ventnor, NJ, 08406

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105 Victoria, Ventnor, NJ, 08406 Main Picture 105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture105 Victoria, Ventnor, NJ, 08406 Aditional Picture

105 Victoria, Ventnor, NJ, 08406

$2,200,000

James Monteleone
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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 of comfort and convenience, featuring one-bedroom layouts with two distinct sizes – 6 units spanning 400 sqft and the remaining 6 boasting 600 sqft of living space. Currently, this property presents a unique investment opportunity, with only 4 units occupied out of the 12, 3 of which are under active yearly leases. The potential for growth and income is immense, offering the chance to maximize returns in a prime beach block location. Also an exceptional redevelopment opportunity with R9 zoning permitting Single family, townhomes or condos situated on a generous 62.5x60 lot in the coveted B zone. It is important to note if this property is completely redeveloped due to City ordinance already in place structure 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. Developers and 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!

Listing courtesy of: FARLEY and FERRY REALTY, INC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build 1900
Lot Size
Tax 18619.00
SQFT
OutsideFeaturesFenced Yard, Ocean View, Sidewalks
OtherRoomsEat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room
HeatingOil
WaterPublic
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units 11 - 20 Units
Tax Year 2023
Area Ventnor City
ParkingGarageNone
BasementFinished, Outside Entrance
HotWaterGas
SewerPublic Sewer
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