$2,900,000
Active
15 Days Online
0 Beds0 Baths0 SQFT
Active

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

Open House

  • Sat, Jun 8: 7pm-1am
View all 34 Photos
Static map
Map

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!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCape May
  • Taxes$9,755
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID Number580173
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size Acres
  • Full BathsN/A
  • Partial BathsN/A

Sell your house quickly!

Get multiple potential cash offers for your home. Fast and hassle-free!

Learn More

Recent Activity For 715 E 8th St, Units A, B, C, D&Amp;E Ocean City, NJ 08226

a week ago
2 weeks ago
2 weeks ago

Don't miss a thing!

Get updates on new activity for this listing

General Features

  • Construction Brick
  • Parking P A R K I N G - E X T E R I O R: AssignedNoneGarage: None
  • Sewer Public Sewer
  • Basement Crawl Space
  • Water Public
  • Property Sub Type Multi Family

Interior Features

  • Cooling Central
  • Heating Forced AirGas- Natural
  • Appliances DishwasherDisposalDryerGas StoveMicrowaveRefrigeratorWasher
  • Window Features Insulated Glass

Exterior Features

  • Spa No
  • Waterfront Property No
  • Exterior In Ground PoolDeckSidewalks
  • Lot Beach BlockSee RemarksBoardwalk Area

Community Features

  • Senior Community No
  • MLS Area Ocean City/Central

Mortgage Calculator

Monthly Payment (Est.)

$15,576
Copyright ©2024 Information is deemed reliable but not guaranteed.

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