Ocean City NJ Multi Family for Sale

ADDITIONAL INFORMATION

Development opportunity with Plans for a Custom 4 br.single family home or buy the New home finished with many upgrades incl. Sauna, steam shower and Hot tub for $1,900,000.00. No showings and will sell vacant. Must settle by NOV 1 as building will be started and only sold as new Construction after. Building being torn down. Buyer will reimburse for demo cost if bought after NOV 1.. Buy before construction begins. Save over $300,000+ building yourself and cutting out developer profit! Approximate cost of building yourself is $1,500,000.

ADDITIONAL INFORMATION

This is the very BEST VALUE-ADD ON THE JERSEY SHORE ISLAND RESORT MARKET! Current Cash Flow Valuations are at a 9%+ CAPRATE which makes this fabulous buy an INVESTOR'S DREAM INCOME AQUISTION OPPORTUNITY & WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 40-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the very HEART OF THE HOTEL/ HOSPITALITY DISTRICT & situated on a whopping 135' x93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World Famous Boardwalk. The property features a total of40units which consists of: 32 hotel rooms (with 32 baths); 5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager'sefficiency apartment w/1BA); and 3 leased commercial stores on the street level of the building. The three commercial storefronts currently include a full-service restaurant and two additional food & beverage service retail stores. In addition, the building includes an additional 1/2 bath in Guest Check-In Lobby; 3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments; new front porch; and windows are relatively new. For the experienced developer/investor, this incredible acquisition opportunity comes with tremendous upside potential associated with property stabilization and income growth tied to increased seasonal rents to become in line with market rates, plus expanding business to include Winter Rental which could quickly add an instant $100K to the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. Pre-Qual & NDA required for financially qualified buyers only. Call Now!

ADDITIONAL INFORMATION

The perfect luxury beach property awaits with this newly custom built three unit property. The close proximity to the beach and boardwalk along with ocean breezes and a glimpse of the ocean from the 3rd floor unit makes this the perfect investment property. Each unit has a separate formal entrance and an entrance through the garage. Private staircases and elevators will take you to the upper floors. The upscale kitchens offers Pearl Glazed shaker cabinets with Hazel shaker island cabinets, Calcatta Laza quartz countertops, GE Cafe Series stainless steel appliances, and 33" farm sink with matte black fixtures. Other features of the vacation condo include matte black finishes throughout, easy to care for water resistant LVP flooring, and washer/dryer in each unit. Three separate condos, 1st floor offers 3 bed/2 bath; 2nd floor and 3rdfloor units offer 6 bed/5 bath layout making sure there is plenty of space for family and guests.

ADDITIONAL INFORMATION

GREAT INVESTOR OPPORTUNITY! Centrally located apartment building with 8 apartments in the heart of Ocean City! 1420 Central (5 apartments): 1st floor front: 1 bedroom 1 bath - 85% complete, 1st floor rear: Efficiency - 100% complete, 2nd floor: 2 bedroom 1 bath - renovations completed, 3rd floor: 1 bedroom 1 bath - 100% complete, 4th floor: 1 bedroom 1 bath + loft 75% complete. 1422 Central (3 apartments): 1st floor: 2 bedroom 1 bath - renovations completed, 2nd/3rd floor: 4 bedroom 2 bath - renovations completed, 4th floor: 2 bedroom 1 bath - 85% complete. 40 x 100 lot size. Being sold in "as is" condition! Great Rental Potential! Great Location! Great Value! See you on the Beach!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Located in the desirable Northend Boardwalk Neighborhood, this is custom built New Construction, Side-By-Side features 6 bedrooms, 4.5 bathrooms, private entrances and elevators for each side, an abundance of outdoor space with multiple decks, spa-like tiled bathrooms, hardwood flooring throughout, upgraded gourmet kitchen, custom trim package and much more.

ADDITIONAL INFORMATION

Wait until you see this beautiful new construction build by V2 Properties! This fantastic property in the upscale GOLDCOAST AREA includes the entire building with two gorgeous units. Each unit will feature: 5 Bedrooms, 3 full luxury baths, PRIVATE ELEVATOR (2nd floor), spacious great room with gas fireplace with shiplap, front, rear & rooftop decks, separate entrances, separate garages, hardwood flooring throughout, gourmet kitchens, quartz countertops, designer backsplashes with under-counter lighting, upgraded SS appliances, gas heat, central air, elegant tiled showers w/ glass doors, elevated vanities in bathrooms, large baseboard & trim throughout, hose bibs on all decks, 3,500 square feet of living space (both units), enclosed outside shower, tilt-in windows, maintenance free exterior, and more! Specs & plans available. Great location! (Just steps to the beach) Great property! (Quality new construction) Great price! See you on the Beach!

ADDITIONAL INFORMATION

Rare opportunity to own this one-year young beachfront duplex on a 50 foot lot in the desirable South End. Each unit boasts over 3,000 square feet of luxury including 5 bedrooms, 5 baths, 4 decks, gourmet kitchen with wine fridge, great room with fireplace, elevator, driveway and over-sized garage with electric vehicle charger. Ground floor of each unit has an impressive entry hall, full bath and private cabana with full size video games and queen sleeper sofa. Also included are beach chairs and towels, boogie boards, outdoor furniture and a gas grill. The property includes a beautifully manicured beach-front lawn and outdoor showers. Both units are being sold fully furnished in addition to offering every amenity necessary to make this investment property a hit with vacationers both on and off season. Each unit comfortably accommodates up to 16 guests. Excellent income potential with the Summer season largely booked already. Sweeping panoramic views of the beach and ocean spanning from Atlantic City to Strathmere. Ideally located to enjoy the beauty and tranquility of the South End within proximity to the Ocean City boardwalk/downtown area and Sea Isle City restaurants and nightlife. This property is being offered as individual units or as a duplex. Enjoy the Summer in Ocean City with your family in one unit while renting out the other for income, utilize the entire property as an investment, or purchase an individual unit. If you have been considering buying property in Ocean City this is a must see!