For Sale 812-20 Ocean Ave., 120, Ocean City, NJ, 08226

Desirable end unit. Full 1BR suite, w/ separate bedroom w/ a king bed, living room w/ a queen sofa-bed and kitchenette, private outside balcony and centrally located in the heart of the beach and boardwalk area. Very desirable front facing unit. 2024 gross income over 31K! Onsite rental program offers nightly rentals with daily housekeeping and linen service. Biscayne Suites boasts a roof top pool and a third floor garden deck and a great rental stream for the astute investor. Being offered fully furnished, with parking. Condo fees include wireless internet, expanded cable TV and basic phone service, water, sewer, flood insurance & fire insurance and common area maintenance. Owners are required to participate in the onsite rental program. No outside rentals permitted. Biscayne Suites adheres to the City ordinance limiting owner usage to 30 nights per seasonal quarter. See seasonal quarters breakdown below: Summer – June 21st to September 20th, Fall – September 21st – December 20th, Winter – December 21st – March 20th, Spring March 21st - June 20th. Please see Agent Remarks.

Welcome to Biscayne Suites. This turnkey 1 bedroom 1 bath condo is perfect for someone either looking for the perfect investment or the occasional getaway! Biscayne Suites is centrally located and within walking distance to the beach and boardwalk. Unit 112 is located on the front side of the building and has it all. Exterior highlights include, off-street parking, lobby with front desk, elevator, private balcony, on site laundry facility, roof-top pool with seating area and much more. Interior highlights include, updated kitchen, full size refrigerator, newer HVAC, flat screen tv, and much more. Condo fees include wireless internet, cable TV, basic phone service, water, sewer, flood insurance & fire insurance and common area maintenance. Unit 112 boasts a great rental history in conjunction with the wonderful on-site rental program! Sit back and relax while this property does its magic. Property is being offered fully furnished and equipped.

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!