715 E 8th St, Units A,B,C,D&E Ocean City, NJ 08226

Features

• Total Units: 5
• Total Rooms: 14
• Room List: Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen, Laundry, Living Room
• Heating: Forced Air Heating

Facts

• Property ID: 879087995
• MLS Number: 580173
• Property Type: Other
• County: CAPE MAY
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Incredible FIVE (5) UNIT Multifamily/Mixed-Use Investment Opportunity consisting of four brand newly renovated 2-Bed/2-Bath residential units, plus a commercial ground floor unit with tons of bonus storage. MODERN, NEW & CHIC - fabulously located just one short block from BEACH & BOARDWALK, plus pool privileges included! Each of these four beach vacation units (Units B, C, D & E) boasts brand-new white kitchen cabinetry, SS appliances, beautifully tiled baths, washer/dryer, hardwood floors throughout and large back deck - SIMPLY PERFECT BEACH CONDOS - and all are ready to go for Summer of 2024! Building also includes an existing generous sized commercial unit (Unit A). 5-Unit building already has NJ condo approval; units are also each listed for sale separately (Units B&C $599K each; Top Floor Units D&E $619K each; & Commercial Unit A $550K). Opt to buy all 4 units for $2.43M for your family or as investment rental income, or buy the entire 5-unit building for $2.925M. Approved architectural plans, survey & draft master deed available upon request. As a bonus to the sale of residential units, seller will offer owner a contract for pool privileges for all owners, guests and prospective tenants directly across the street at the Forum Hotel and assigned parking for residential unit owners. Property offers SUPREME RENTAL INCOME POTENTIAL as its ideally located in the heart of Ocean City's cash cow hospitality zone, one block from the Ocean City Boardwalk and its white sandy beaches, and a few short blocks to Ocean City's bustling downtown shopping district. Fantastic multiple unit rental income investment opportunities in an incredible Jersey Shore vacation spot like this one doesn't come around often, so ACT FAST! So come join us at an OPEN HOUSE this weekend! Saturday 03/9 & Sunday 03/10 - 10am to 4pm. Come grab a snack and get a first look at this newly renovated coastal getaways!