617 E 8th Street, Ocean City, NJ 08226

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  5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/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  3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to  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!