106 South Little Rock Avenue

Ventnor City, NJ 08406

$1,725,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Under Contract

Under Contract

a living room with furniture and a large window
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a kitchen with white cabinets and white appliances
a view of a dining room with furniture and wooden floor
a bedroom with a bed and a window
a bathroom with a sink a toilet and shower
a bathroom with a sink a toilet and shower
a bedroom with a bed and a table in it
a view of a workspace with furniture and wooden floor
a view of a hallway with wooden floor and entryway
a kitchen with stainless steel appliances a stove a refrigerator and a sink
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a bedroom with a bed and a window
a bed room with a bed and a lamp
a bedroom with a bed a flat screen tv and guitar
a bedroom with a bed a flat screen tv and a couch
a bed room with a bed and a chair
a bathroom with a toilet and a sink
a white toilet sitting next to a white sink and vanity
a bathroom with a sink a toilet a mirror and shower
a bathroom with a sink toilet and a mirror
a bedroom with a bed and a flat tv screen on dresser
a white toilet sitting next to a bathroom sink
a bathroom with a sink a toilet and a mirror
a spacious bedroom with a bed and a table in it
a bedroom with furniture and a flat screen tv
a bathroom with a bathtub a sink and a shower
a white toilet sitting next to a bathroom sink
a bathroom with a toilet sink and mirror
a bathroom with a sink a toilet and mirror
a bed room with a bed and a chair
a bedroom with a bed tv and a window
a living room with furniture and a mirror
a view of a storage and utility room
a view of walk in closet with clothes and shoes
a view of storage and utility room with refrigerator
a view of living room with furniture and a window
a kitchen with stainless steel appliances a stove a refrigerator and a dining table
a bedroom with a bed and a flat screen tv
a bedroom with furniture and a window
a balcony with table and chairs
a bedroom with bed and a window
a bathroom with a sink toilet and window
a view of a patio with swimming pool
a view of a house with a small space
a view of an ocean beach
a city view with tall buildings

Description

Investor alert! Welcome to 106 S Little Rock, a beach block, 11 unit, multi-family property located in Ventnor. Walking Distance to North Beach Deli, Shopping, Beach, and a short commute to AC Nightlife. This building has been utilized for a mixture of Air BnB and yearly/winter rentals over the past few years. The current rundown of the property is as follows 5 units are being utilized as AirBnB rentals, all 5 have been updated within the past 4 years (bringing in a gross amount of $120,000 over...Investor alert! Welcome to 106 S Little Rock, a beach block, 11 unit, multi-family property located in Ventnor. Walking Distance to North Beach Deli, Shopping, Beach, and a short commute to AC Nightlife. This building has been utilized for a mixture of Air BnB and yearly/winter rentals over the past few years. The current rundown of the property is as follows 5 units are being utilized as AirBnB rentals, all 5 have been updated within the past 4 years (bringing in a gross amount of $120,000 over the past 10 months), 3 units are being rented on a yearly basis, one of these has been updated in the past 3 years. (bringing in an additional $14,280 per year), 1 unit is being rented as a winter rental ($5600 per year), 1 Unit is being used for storage, and 1 unit is stripped down to the studs and ready for renovation. This property also includes a 1,300 SqFt basement, communal outdoor shower, and storage shed. Separate electric meters for each unit. Talk about value add, there is so much potential in this project, whether you're looking for an AirBnB monster, something you can use as yearly rental income, or a combination of the two. Potential for 10%+ return on your investment. This project needs someone with a vision, and what a great canvas to start with, book your appointment today before the opportunity is gone!
  1. Listed by Austin Dillon • KELLER WILLIAMS REALTY JERSEY SHORE-Margate
  2. Listed by EMILY MARCHESE • KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Property Details for 106 South Little Rock Avenue

City/Community
Ventnor
Class
MULTI-FAMILY
Parking - Exterior
Two Car
Waterfront (Y/N)
No
LISTING UPDATED: 12/11/2024 08:59 AM

Property Details for 106 South Little Rock Avenue

StatusUnder Contract
MLS #591172
Days on Market11
Taxes$13,246 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 11 - 20 Units
Year Built-
Lot Size0.07 AC / 3,125 SF
CountyAtlantic County

Building Information for 106 South Little Rock Avenue

Stories-Residences11Year Built-Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 106 South Little Rock Avenue

Summary
Location and General Information
  • Address: 106 S Little Rock Ave
  • Address Direction: S
  • Address Number: 106
  • Address Search Number: 106
  • Address Street: Little Rock
  • Area: Ventnor City
  • County: Atlantic
  • Directions: Beach Block, S Little Rock Ave building on Right
  • Fips Code: 34001
  • Location: Beach Block, Boardwalk Area
  • State: NJ
  • Street Designation: Ave
  • Zip: 08406
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 11-30-2024
  • Tax Year: 2023
  • Taxes: 13246
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 11
  • Lot #: 8
  • Lot Dimensions: 50 x 62.5
Property and Assessments
  • Associated Document Count: 5
  • Doc Timestamp: 12-02-2024
  • New Construction: No
  • Property Id: 22-00011-0000-00008
  • Total Assessment: 497800
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Driveway: Concrete
  • Outside Features: Beach Access, Boardwalk Access, Ocean View, Outside Shower, Patio, Porch, Sidewalks
  • Siding/Exterior: Vinyl
Interior Features
  • Basement: 6 Ft. or More Head Room, Finished, Full, Heated, Inside Entrance, Outside Entrance, Plumbing
  • Heating: Gas-Natural
  • Other Rooms: Laundry/Utility Rm
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 1
  • # of 2 Bedroom Units: 1
  • # Of Efficiency Units: 9
  • Annual Taxes: 13246
  • Limited Service (Y/N): No
  • Number Of Units: 11
  • Rental Information: 100 Percent Occupancy, Lease Required, Yearly
  • Separate Meters: Electric
  • Suitable For: Bed and Breakfast, Multi Family + Rooms, Rooming House

Property History for 106 South Little Rock Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 106 South Little Rock Avenue

Taxable ValueLand$395,000Additions$102,800Total$497,800
Tax Record2023$13,246 ($1,104 / month)
Home Facts
Total Finished SqFt3,306 SqFtAbove Grade Finished SqFt3,306 SqFtStories3Lot Size3,123 SqFtStyleMulti-Family Res (5+ Units)Year Built1890Zoning9CountyATLANTICAPN22 00011-0000-00008

Schools near 106 South Little Rock Avenue

This home is within Ventnor City School District.
Rating
School
Type
Grades
Distance
Ventnor Elementary School
Public - PK to 4
Ventnor Middle School
Public - 5 to 8
St. James Elementary School
Private - PK to 8
Rating
School
Distance
Ventnor Elementary School
PublicPK to 4

Ventnor Middle School
Public5 to 8

St. James Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.