For Sale 900 Wesley, 116, Ocean City, NJ, 08226

Rental income netted $36,612.36 after commissions in 2020 (19 leases plus a winter 20-21 rental). 100% GUTTED & REMODELED! #101 Sun Beach is a spectacular, 100% all new 2BR, 2BA condominium located directly on the corner of 9th St. and Wesley Ave. THIS IS NOT A CONDO-TEL. 2 short blocks to center of boardwalk and 9th/10th St. beaches. Perfect center city location, EVERYTHING within walking distance! Largest unit by far in the building (@ 900+/- sq.ft.), and the ONLY 2BR, 2BA. It comfortably sleeps 8. All other \"Sun Beach\" units are smaller 1BR or efficiency suites. No expense spared. Granite countertops in the kitchen & baths, beautiful wainscoating & crown moldings throughout, recessed crown mold lighting, huge 2nd BR w/2 pillow topped queen beds (sleeps 4), top of the line master BR king bed (sleeps 2). 3 gigantic high def large screen wall mounted TV\'s - one in each BR (50\" & 37\") , one in LR (50\"). Living room top of the line \"Flexsteel\" sleep sofa that sleeps 2. Fully upholstered granite topped dining booth. Upgraded granite kitchen w/wood cabinets, tile & carpeted flooring, exquisite furnishings & accents thruout. Full sized upgraded appliances.....refrigerator/freezer, glasstop stove, oven, microwave, dishwasher, garbage disposal, in-unit washer/dryer. Parking for 1 car. Of course...there\'s full use of Sun Beach\'s inviting heated swimming pool, and large spacious sun decks. Condo Fee Includes wi-fi, cable, hot water. Check Associated Docs for master Deed & P&L.

BACK ON MARKET-Come See This CASH GENERATING property in person & BRING AN OFFER! Sellers motivated to close quickly. Over $300K in gross rents, 90-100% occupancy w/increasing income & waiting list, this CASH FLOWING asset is being sold at 10%+cap rate. Yr-Round Apt/Rooming-House Operation is most incredible CASH STREAM investment opportunity on market! The “Wave Beach House” consists of TWO income-producing buildings w/33 units (mostly rooms & some apts) on huge 50x120 Tri-Plex lot. Property includes: Large 4-story main Rooming House building consisting of: one 2-bed/1-bath apt; 6 efficiency units; 11 rooms w/private baths; 12 rooms that share 2 baths; coin-operated laundry; HUGE under-utilized attic; & impressive furnace room w/new high-efficiency unit; & Small Apartment-Cottage Building in rear consisting of one 2-bed apartment, one 1-bedroom & 1 efficiency unit. This CASH MACHINE is located in heart of Ocean City, just 2 blocks to Beach/Boardwalk & is perfect for savvy investor looking to buy a very rare income generating property w/spectacular ROI--w/ongoing upside! Accommodations for local contractors, church volunteers & yr-round resort employees are extraordinarily difficult to find & yet exceptionally in high demand, which keeps building fully occupied. Being Sold AS IS w/no contingencies. Cash offers only. P&L financials w/rent roll & property site visit available to serious qualified buyers w/receipt of a signed NDA. Call Now!

BACK ON MARKET-Come See This CASH GENERATING property in person & BRING AN OFFER! Sellers motivated to close quickly. Over $300K in gross rents, 90-100% occupancy w/increasing income & waiting list, this CASH FLOWING asset is being sold at 10%+cap rate. Yr-Round Apt/Rooming-House Operation is most incredible CASH STREAM investment opportunity on market! The “Wave Beach House” consists of TWO income-producing buildings w/33 units (mostly rooms & some apts) on huge 50x120 Tri-Plex lot. Property includes: Large 4-story main Rooming House building consisting of: one 2-bed/1-bath apt; 6 efficiency units; 11 rooms w/private baths; 12 rooms that share 2 baths; coin-operated laundry; HUGE under-utilized attic; & impressive furnace room w/new high-efficiency unit; & Small Apartment-Cottage Building in rear consisting of one 2-bed apartment, one 1-bedroom & 1 efficiency unit. This CASH MACHINE is located in heart of Ocean City, just 2 blocks to Beach/Boardwalk & is perfect for savvy investor looking to buy a very rare income generating property w/spectacular ROI--w/ongoing upside! Accommodations for local contractors, church volunteers & yr-round resort employees are extraordinarily difficult to find & yet exceptionally in high demand, which keeps building fully occupied. Being Sold AS IS w/no contingencies. Cash offers only. P&L financials w/rent roll & property site visit available to serious qualified buyers w/receipt of a signed NDA. Call Now!