Περιγραφή
617 E 8th St,
Ocean City,
NJ
08226
This is the very BEST VALUE-ADD ON THE JERSEY SHORE ISLAND RESORT MARKET! Current Cash Flow Valuations are at a 9%+ CAP RATE 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' x 93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World Famous Boardwalk. The property features a total of 40units which consists of: 32 hotel rooms (with 32 baths); 5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager's efficiency 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!
This is an Active listing.
Broker Office Phone Number: 609-399-5454
Copyright © 2024South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
ΑΝΕΣΕΙΣ ΑΚΙΝΗΤΟΥ
- Deck
- Dishwasher
- Porch
- Refrigerator
- Dryer Included
- Washer / Dryer
- Ceiling Fan
- Wall or Window Air Conditioner(s)
Όλες οι πληροφορίες προέρχονται από πηγές που θεωρούνται αξιόπιστες αλλά υπόκεινται σε σφάλματα, παραλείψεις, αλλαγές στην τιμή, προηγούμενη πώληση ή απόσυρση χωρίς προειδοποίηση. Δεν γίνεται καμία αντιπροσώπευση ως προς την ακρίβεια οποιωνδήποτε περιγραφών, μετρήσεων, τετραγωνικών μέτρων ή έκτασης και δεν θα πρέπει να γίνεται επίκληση αυτών καθαυτών. Όλες οι πληροφορίες στο παρόν θα πρέπει να επιβεβαιώνονται από τον πελάτη. Όλα τα δικαιώματα για όλο το περιεχόμενο, συμπεριλαμβανομένων, ενδεικτικά, φωτογραφιών, βίντεο και άλλων γραφικών, διατηρούνται αποκλειστικά στον Μεσίτη που παρείχε τέτοιο περιεχόμενο καταχώρισης. Όλες οι διαφημίσεις σε αυτόν τον ιστότοπο υπόκεινται στον Federal Fair Housing Act.
© 2022 CityHomes.com
Listing By: Keller Williams Realty Jersey Shore-Ocean City via Data Source: South Jersey Shore Regional MLS
Multi Family
Τύπος ακινήτου
Ιστορικό τιμών
| date | price | variance | type |
|---|
| 10/14/2023 | $3,900,000 | - | Καταχωρισμένο |
πράκτορας λίστας: LYNDA GREAVES
