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| Type: Commercial | Style: 4-Story |
| City: Ocean City | Area: Central 7th-17th St |
| Sq ft: | Dimensions: 44 x 120 |
Features:
Property Description:
UNBELIEVABLE
POSITIVE CASH FLOW!
Most versatile Ocean City – South Jersey Shore investment property for sale on the island that offers several purchase options for any savvy buyer!!
Originally Asking $975,000
Price Adjusted: $950,000
Investment Property: Two large independent buildings on one huge lot. Zoned Multi-family with six (6) units producing over $104K in gross annual lease rents (about $85K in net income) which yields almost a 9% cap rate. Great central location with a constant stream of potential tenants. So just sit back and collect your checks!
Single Family with a Bonus Duplex: Vacate tenants and turn this sturdy Victorian Home back into a spectacular 7+ bedroom single family home for a bargain price, and which would include a double bonus: bonus ground floor units + the back building can be used as an income producing duplex, all located on one property!
Or… those of you with creative vision and business savvy, redesign and create Ocean City’s newest and most FABULOUS Victorian Bed & Breakfast Inn!!
This is an unbelievable real estate acquisition opportunity for any investor looking to add to their portfolio of INCOME PRODUCING PROPERTIES! Great location with a constant stream of potential tenants. Tenants pay for all utilities less water/sewer.
PLEASE CALL US DIRECTLY NOW.
THIS PROPERTY WILL NOT LAST LONG!
SELLER MOTIVATED! BRING ALL OFFERS!
Call Us: (609) 412-5547
Interior Details:
| Heating: Forced Air, Gas Natural |
Air Conditioning: Gas, Window Units |
| Basement: 6 Ft Or More Room |
Exterior Details:
| Driveway: Shared |
Other Details:
| Financing Available: Conventional |
Possession: At Closing |
| Comments: Suitable for Bed and Breakfast, Multi-Family, or Rooming House; 100% Rental Occupied, lease required. Separate meters electric, gas and heat. |
Ocean City Real Estate Group, Keller Williams Realty, Robert Doliszny and Kristina Doliszny