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11 N Weymouth Ave,Ventnor NJ - Active
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Price:
$1,250,000
Type:
MULTI-FAMILY
MLS: 607521 |
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Bedrooms:
0
Baths: 0 Half Baths:
0
Lot Size: 75 x 32 |
Positioned just one block from the beach and one block from the bay, this fully furnished duplex in the heart of Ventnor offers a rare combination of immediate cash flow and long-term upside. Located within the city’s most active rental corridor, this is a true turnkey asset with an established income stream and professional property management already in place—allowing for a seamless, hands-off transition. The property generates up to $80,000 annually across two separate units, blending short-term and long-term rental strategies for year-round performance. The two-bedroom, one-bath unit produces stable monthly income of approximately $2,000, while the larger four-bedroom, two-bath unit commands $430–$450 per night in season, with peak rates reaching up to $1,000 per night during high-demand holidays. Off-season monthly rentals between $2,500–$3,000 help maintain consistent cash flow beyond the summer months. The home has been fully updated and is delivered furnished, eliminating upfront capital expenditures and allowing for immediate revenue capture. Interior improvements include renovated bathrooms, updated kitchen finishes with stainless steel appliances, and in-unit laundry—features that support both premium rental rates and strong occupancy. Outdoor amenities further enhance rental appeal, including multiple decks and a private outdoor shower—key features for shore tenants. A significant competitive advantage in this market is the inclusion of both a private driveway and a detached garage, a rare find in Ventnor that directly impacts rental desirability and pricing power. The location supports strong and consistent demand, with walkable access to Dorset Avenue, local retail, dining, and essential amenities, while also providing convenient connectivity to major regional routes including the Garden State Parkway and Atlantic City Expressway. Beyond current performance, the property offers clear value-add potential. Options include condo conversion, expansion with a possible third story, or reconfiguration to further increase rental income and overall asset value. With limited inventory in this submarket—especially properties offering parking and scale—this asset is well-positioned for both appreciation and income growth. This is a stabilized, income-producing coastal investment with operational infrastructure already in place and multiple avenues for future upside.
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| PROPERTY FEATURES |
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Status: Active
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Lot Dimensions: 75 x 32
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Water: Public
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Location: See Remarks
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Other Rooms: Den/TV Room,Dining Area,Dining Room,Florida Room,Kitchen,Laundry/Utility Rm,Library/Study,Living Room
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Sewer: Public Sewer
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Water Heater: Gas
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Appliances: Burglar Alarm,Dishwasher,Disposal,Dryer,Gas Stove,Microwave,Refrigerator,Self Cleaning Oven,Washer
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Heating: Forced Air
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Cooling: Central
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Parking - Exterior: Two Car
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Garage: One Car
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Listing Courtesy of RE/MAX COASTAL.
© 2015 South Jersey Shore Regional MLS. All rights reserved. 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 MLS. Real Estate listings held by brokerage firms other than Grace Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. |
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