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$49,900
Est. payment /mo
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 595265
Bedrooms 1
Full Baths 1
Year Built 1920
Annual Tax Amount $984
Tax Year 2024
Property Sub-Type Condo
Property Description
Opportunity knocks with this 1 bed / 1 bath basement apartment on the market for under $50,000. This special price is backed by a very motivated seller. Thought to have possibly once housed the building supervisor, this below-ground unit features a side entrance located under the fire escape, next to the building's shared laundry and bike storage areas. This area does not have direct access to the main building. Acquired as a foreclosure, this property is being sold "as-is" and currently generates $775/month on a month-to-month lease. Seller may consider holding a 1st purchase money mortgage for no more than 1/2 the purchase price subject to buyer qualifications in the sole discretion of the seller. Terms of the purchase money mortgage shall be subject to negotiation between the parties. Yes, it needs work—but at this price point, it's an incredible investment with immediate rental income. Don't miss your chance to get on the property ladder in Ventnor. Please note the seller is a licensed real estate agent is NJ
Location
State NJ
County Atlantic
Community Ventnor
Area Ventnor City
Interior
Heating Gas-Natural
Exterior
Parking Features None
Building
Story Three to Five
Unit Location See Remarks
Sewer Public Sewer
Water Public Water
Others
Senior Community No
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Listed by FARLEY and FERRY REALTY, INC