122 N Melbourne Ave Ventnor, NJ 08406

Reduced $45,000! Rarely available legal duplex on large corner lot on one of the best streets in Ventnor. The property features an updated 1 bedroom, 1.5 bathroom unit on the first floor (big enough to be easily converted to a 2 bedroom) and a 1 bedroom, 1 bathroom unit upstairs. This 38x76 lot has flexibility to be maintained as a rental property, use one unit and off set costs by renting one unit, converting to single family or tearing down to replace with single family or two units! Downstairs lease $1,430 per month (+$50/mo for gas); upstairs lease $1,098 per month; both able to be canceled with a sale and 60 day notice.