819 Moorlyn Terrace, Ocean City, NJ 08226 | MLS 566974 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Off Market
$6,000,000  

819 Moorlyn Terrace
Ocean City, NJ 08226

Other
Commercial
0.172
Acres Lot
1of
Photos
Map
Courtesy: KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
Where can you find an apartment building anywhere in this country at a 8-9% CAP RATE? Probably nowhere... until today because HERE IT IS!!! Introducing Ocean City’s "Beach House”, a fully renovated 8-UNIT income producing apartment building for sale @ 8-9% CAP RATE – and it includes UPSIDE! Increase seasonal cash flows, add winter rentals, and still retain the option to condo these out for individual future resale, if you wish! Each generous unit features 3 Bedrooms/1 Bath, high ceilings, breezy front porch, and an assigned parking space. These incredible income producing units are ideally situated on a highly coveted PRIME BEACH BLOCK/ OFF-BOARDWALK location, on the island resort of Ocean City NJ (“America’s Greatest Family Resort” at the South Jersey Shore). Just steps to its white soft sandy beaches & world famous Ocean City Boardwalk, they are indisputably positioned within the island's highest traffic volume for beach, boardwalk, hospitality & tourist destination spots right in the heart of the Hospitality Zone. Given the historically high level of interest in the Jersey Shore island markets for such an incredibly rare opportunity, coupled with the current high demand for impressive cash flow opportunity (w/lots of upside), time is of the essence! We invite you to explore this unique WEALTH CREATION OPPORTUNITY in further detail. This is your chance to secure an immediate acquisition of income producing assets at an IMPRESSIVE CASH FLOW AT HIGHLY COMPETITIVE CAP RATE, value added upside, & optional condo conversion opportunity. Please note that this offering is affiliated with an adjacent hotel/ multifamily listing. These properties are currently listed 3 ways: $10 million for hotels (801-811 Atlantic Ave) only; $6 million for apartment building (819 Moorlyn Terrace) only; and $16 million for all three parcels altogether comprising 1 ACRE OF BEACH BLOCK / OFF-BOARDWALK property (801 Atlantic Ave). Contact listing agent for Confidentiality/NDA, which is available to financially qualified buyers. Don't hesitate another minute - you must act on this today!
566974
Other
Cape May
0.172 Acres
Public
Vinyl siding
Public Sewer
$0.00
8 Total
0
Interior Features
Basement
Crawl Space
Additional Interior Features
220 Volt Electricity,Living Space Available,Other (See Remarks)
Exterior / Lot Features
Parking
Assigned.
Exterior
Vinyl
Roof
Asphalt
Lot Dimensions
75x100
Additional Exterior/Lot Features
Swimming Pool,Sign,See Remarks.
Financial Considerations
$8,256