|Type: Multi-Family||Style: Apartment Building|
|City: Ocean City||Area: Boardwalk Area|
|Sq ft: 0||Dimensions: 100 x75|
SOLD Jan 2020
CASH! CASH! CASH!
Approx $100K in advance deposits already collected (of the $175K due for this summer season) will be available to buyer at settlement! This is one of the BEST acquisition opportunities on the island available for sale & quick settlement right now!
Seasonal apartment rentals generate an average of approx $220,000 in YOY seasonal revenues & profit at an attractive cap rate + additional future winter rental income can be one of many upsides to any savvy buyer/investor. This AS IS offering is for the purchase of a seasonally operated apartment building consisting of
eight 2-bed/1-bath units + onsite parking
in back of building. These apartment units include: living room, dining room, fully equipped kitchen, TV, Free WiFi, AC, ceiling fans, full bathroom & huge outdoor front porches with direct views of the Ocean City boardwalk. All apartments sleep eight (8) people (3 queen beds+queen sofa sleeper).
Located in center heart of Ocean City NJ (America’s Greatest Family Resort), this property sits on large 100 x 75 lot located on BEACH BLOCK & OFF-BOARDWALK!
Situated about 100 yards from the boardwalk ramp and the iconic Music Pier, the desirable central Beach Block /Off-Boardwalk location of this property is indisputably positioned with Ocean City’s highest traffic volume for beach, boardwalk, hospitality & tourist destination spots….and tremendous long term upside!!!
Signed NDA/Confidentiality Agreement from qualified buyers required.
Motivated Seller just reduced $2.5 million asking price by $500K for a quick sale in order to complete a 1031 Exchange… so call us right now to PRESENT AN OFFER today!
If you have serious interest & require more information, please call Kristina Doliszny directly now at (609) 412-5547
Kristina Doliszny, Ocean City Real Estate Group
Keller Williams Realty – Jersey Shore
1 Atlantic Ave,Ocean City NJ 08226
Call Us: (609) 412-5547
Request More Information
Kristina Doliszny & Robert Doliszny, Ocean City Real Estate Group, Keller Williams Realty