715 E 8th St, Units A,B,C,D&E, Ocean City, NJ 08226 | MLS 580173 | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
Off Market
$2,925,000  

715 E 8th St, Units A,B,C,D&E
Ocean City, NJ 08226

Multi-Family
Residential Income
8
Beds
8
Baths
N/A
Acre Lot
Courtesy: KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
Incredible FIVE (5) UNIT Multifamily/Mixed-Use Investment Opportunity consisting of four brand newly renovated 2-Bed/2-Bath residential units, plus a commercial ground floor unit with tons of bonus storage. MODERN, NEW & CHIC - fabulously located just one short block from BEACH & BOARDWALK, plus pool privileges included! Each of these four beach vacation units (Units B, C, D & E) boasts brand-new white kitchen cabinetry, SS appliances, beautifully tiled baths, washer/dryer, hardwood floors throughout and large back deck - SIMPLY PERFECT BEACH CONDOS - and all are ready to go for Summer of 2024! Building also includes an existing generous sized commercial unit (Unit A). 5-Unit building already has NJ condo approval; units are also each listed for sale separately (Units B&C $599K each; Top Floor Units D&E $619K each; & Commercial Unit A $550K). Opt to buy all 4 units for $2.43M for your family or as investment rental income, or buy the entire 5-unit building for $2.925M. Approved architectural plans, survey & draft master deed available upon request. As a bonus to the sale of residential units, seller will offer owner a contract for pool privileges for all owners, guests and prospective tenants directly across the street at the Forum Hotel and assigned parking for residential unit owners. Property offers SUPREME RENTAL INCOME POTENTIAL as its ideally located in the heart of Ocean City's cash cow hospitality zone, one block from the Ocean City Boardwalk and its white sandy beaches, and a few short blocks to Ocean City's bustling downtown shopping district. Fantastic multiple unit rental income investment opportunities in an incredible Jersey Shore vacation spot like this one doesn't come around often, so ACT FAST! So come join us at an OPEN HOUSE this weekend! Saturday 03/9 & Sunday 03/10 - 10am to 4pm. Come grab a snack and get a first look at this newly renovated coastal getaways!
580173
Multi-Family, Other
8
Cape May
8
Public
Brick
Public Sewer
5 Total
Bathrooms
Total:8
Detailed Room Information
Kitchen
Eat-in Kitchen,Dishwasher, Refrigerator, Gas Cooktop, Microwave, Disposal
Interior Features
Appliances
Dishwasher, Dryer, Refrigerator, Gas Cooktop, Microwave, Washer, Disposal
Cooling
Central Air
Heating
Gas Heat. Forced Air.
Basement
Crawl Space
Doors/Windows
Insulated Windows
Additional Interior Features
Eat-in Kitchen
Exterior / Lot Features
Exterior
Brick
Patio
Deck
Pool
InGround
Pool Description
In Ground
Additional Exterior/Lot Features
Deck,.
Financial Considerations
$9,755
Courtesy: KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than the Broker hosting this site are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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