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!

Available now is #419 \"Biscayne Suites\" - a top floor northwest corner 1BR, 1BA condo. Corner unit affords more square footage and an extra window in both the Living Room & the Bedroom for even more sunlight and views! The unit comes fully furnished & equipped (except wicker TV stand). Biscayne Suites has an in-house rental program that delivers consistent top dollar, hassle-free, hands off rental income (Gross income typically $28,000 - $30,000 per year) every season! A stable, well run, well funded, well equipped building in the center of town, a short block and a half to the boardwalk and beach. Rooftop pool offers gorgeous views of Ocean City, the ocean, the inlet, the Atlantic City skyline, Somers Point and the bay. This beautifully maintained condominium has it all....see it today!

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!