For Sale

Description

Positioned just a short stroll 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 units, with additional upside through rent optimization. The two-bedroom, one-bath unit is currently rented below market, presenting an immediate opportunity to increase rents to approximately $2,000/month with minimal improvements. The larger four-bedroom, two-bath unit delivers strong short-term rental performance, with in-season rates averaging $430–$450 per night and peak holiday pricing reaching up to $1,000 per night. Off-season monthly rentals of the upper unit are between $2,500–$3,000 provide consistent year-round cash flow. With one unit under market and the other already performing, this asset offers a balanced mix of stability and value-add potential—allowing investors to step into an income-producing property while still having room to significantly increase overall returns. 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, and 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 increase rental income and overall asset value further. 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.