For Sale 736 Wesley Ave, F, Ocean City, NJ, 08226

Discover the epitome of coastal living in this impeccably refurbished 3-bedroom, 2-bathroom haven nestled within Ocean City\'s renowned landmark building. Situated on the 2nd Flr, this corner condo presents a seamless turn-key experience, boasting expansive bedrooms adorned with plush new carpeting, tiled bathrooms, and a capacious living area featuring vinyl flooring. Delight in culinary pursuits within the fully equipped kitchen, showcasing granite counters, upgraded cabinetry, a stylish tile backsplash, and stainless steel appliances, complemented by a separate laundry room for added convenience. Step onto the oceanside new deck and bask in the ocean breezes. Noteworthy upgrades include revamped electrical and plumbing systems, state-of-the-art Fujitsu mini splits for optimal heating and cooling, as well as new vinyl siding and commercial-grade metal roofing for enduring durability. Embrace the allure of this property\'s exceptional rental income (2023 income was 72K, leases booked to date for 2024 is 62K) strategically positioned in close proximity to the beach, boardwalk, and downtown shopping. Experience contemporary comforts within this exquisitely renovated sanctuary, tailored to suit vacationers and savvy investors alike seeking a coastal retreat or a lucrative investment opportunity by the shore.

9%+ CAP RATE!! INVESTOR\'S INCOME AQUISTION OPPORTUNITY WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 39-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the very HEART OF THE HOTEL/ HOSPITALITY DISTRICT & situated on a whopping 135\' x 93.05 lot just a couple blocks from Ocean City\'s white sand beaches and bustling World- Famous Boardwalk. The property features a total of 39 units which consists of: 32 hotel rooms (with 32 baths); 4 renovated apartments (2-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager\'s efficiency apartment w/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 & beverage service retail stores. In addition, the building includes an additional 1/2 bath in Guest Check-In Lobby; 3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments; 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!

Beautiful 1 bedroom, 1 bath, 2nd-floor front unit with a private balcony off the bedroom. Features include wood flooring throughout, newer living room furniture with a queen-size leather sofa bed & love seat! Modern kitchen and bath with newer vanity & sink. Central air and assigned parking. The Biscayne also features a rooftop pool with ocean view and bay views, and an inviting and a relaxing garden deck! On-site rental program with nightly rentals, housekeeping, and linen service. The condo fee includes internet, cable TV, water, sewer, floor and building insurance, and common area maintenance.