For Sale 617 8th St, Ocean City, NJ, 08226

BACK ON MARKET & REDUCED! 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!

Come enjoy worry-free living at Biscayne Suites, and one of Ocean City\'s best buys! This beautifully maintained and updated second-floor unit presents an affordable investment opportunity with over $30,000 booked! Recent updates including all new flooring, new furniture, and bathroom make this a must see! Come enjoy the wide variety of amenities offered, including a pool with ocean views, easy to access elevator, on-site management, and off-street parking. Step inside unit 216 and enjoy your spacious living area or relax on your private deck. Biscayne Suites is in the heart of it all, just steps from the beach and boardwalk, while right around the corner from all of the downtown Asbury fun (shopping, restaurants, ice cream, and so much more)! Schedule a day at the beach and don\'t miss your chance to own on the island!

HURRY...3 units JUST SOLD ...and ONLY ONE LEFT! This SIZZLING HOT BEACH CONDO is all about the most ideal & BEST LOCATION for a family beach escape or vacation rental property because it offers one of the TOP CASH COW rental income potentials on the island! Located within a block from BEACH & BOARDWALK & short walk to the downtown shopping district with restaurants, this location can’t be beat – you just park your car & simply walk or bike ride to everything an Ocean City dream vacation has to offer. Property is situated in the heart of the hospitality zone which is one of the “top of the pyramid” locations for short-term rental income potential available on the island, plus winter rental income potential is an additional upside. An incredible RARE FIND, this brand newly renovated 2-Bed/2-Bath condo boasts a ZERO HOA monthly fee (other than the normal annual Master policy, just like a duplex) & it is MOVE-IN READY! When you enter your newly renovated clean beach home, you are greeted with high ceilings, cozy living room, brand new flooring, crisp white cabinetry with stainless steel appliances, and a washer/dryer. Two (2) bedrooms come furnished, and the two (2) beautifully tiled modern bathrooms are simply stunning! Condo also features a large private rear covered porch, perfect for morning coffee or an afternoon cocktail, and convenient place to store beach gear, and an assigned parking space agreement. Unlike other standard condo units, there is also access available to a swimming pool! As a bonus to the sale of residential units, seller will offer buyer an annual contract to secure 4-swimming pool w/kiddie pool passes providing you, your family or tenants use access to the Forum hotel swimming pool across the street. Plus, seller\'s contractors will frame out bedroom closets in buyer\'s desired location(s) prior to closing once you decide on your own bedroom layout. Don’t let another summer go by without having your own vacation coastal getaway in Ocean City, NJ! This condo listing is for Unit #B, and it is probably Ocean City\'s BEST VALUE/ BEST BUY currently available on the market – so HURRY and some see this one now - IT\'S THE VERY LAST ONE LEFT - so snap it up today, before someone else beats you to it!