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

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For Sale

$2,925,000

8 beds • 8 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Basement
    Rooms

  • Basement
    Amenities

  • Pool
    Amenities

Explore this Property

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!
MLS# 580173

Courtesy Of Keller Williams Realty Jersey Shore

(609) 399-5454

Open Houses

May

24

Friday

In Person

Friday, May 24, 2024

2:00PM - 4:00PM

May

25

Saturday

In Person

Saturday, May 25, 2024

9:00AM - 4:00PM

May

26

Sunday

In Person

Sunday, May 26, 2024

11:00AM - 4:00PM

Property Features

  • Amenities
    Deck, Basement, Pool
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Brick
  • Heating Fuel
    Natural Gas
  • Heating System
    Forced Air
  • Roof Type
    Unknown
  • Rooms
    Basement, Bedroom, Eat-In Kitchen, Full Bath, Kitchen, Living Room, Utility

Map and Directions

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

Home seller CENTURY 21 Alliance

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alliance

(609) 399-5711
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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