For Sale 45 Broadway, Somers Point, NJ, 08244

Finally a Greate Bay Townhome in excellent condition available for the 2025 Spring Market. Beautiful Decor, clean Hardwood flooring, Both Bedrooms are a generous size with private baths, Main includes sliders for the morning sun. Walk in California closet upgrade. Functional sliders in both living room and dinning for the inviting private patio vibe. Gas Fireplace, private Side door entrance street side. Furnace one year and Serviced 2/27/25 for the new year. Fireplace converted to gas along with a cleaning on 11/2nd. Greate Bay is currently going through substantial 2025 upgrades. Club house, Large outdoor Tent, Wedding famous atmosphere , fountain entrance. So close to Grab Trap, you could walk and not worry about that parking lot. Quick close is available, easy to show and ready to go.. Good Luck.

Calling all Multi-Family Investors & Hoteliers!! This is the absolute PERFECT PROPERTY for you to immediately buy right now to scale your portfolio in an UNBEATABLE blue chip location! Turnkey income generating property boasts a whopping 9%+ cap rate based on the last 4 consecutive years of returns which translates to stability, confidence, and upside for expansion opportunity. And the LOCATION … wow, just WOW! Situated in a highly visible traffic area right across from the Open Bay, the Jersey Shore’s renowned “Crab Trap Restaurant” and the 9th St Bridge to Ocean City NJ, this highly-sought-after asset is positioned right near both North & South entrances of the NJ Gardens Parkway, and in walking distance to lots of popular restaurants, Somers Point Bayfront, and its relaxing parks. Jump in the car, pop over the bridge and in 5 minutes you will conveniently find yourself sunbathing on Ocean City’s soft sandy beaches and strolling its World Famous Boardwalk. This fully operational 22-unit motel, paired with an attached 2-bedroom, 1-bath owner’s apartment and a 1-bedroom, 1-bath manager\'s apartment, is an exceptional investment with strong year-round returns. With 8,698 sq ft of total existing building space on a huge 150 x 190 lot, the property offers generous accommodations with a large outdoor heated pool and plenty of parking. Seller has owned and operated the property for over 30+ years, so opportunities to acquire consistent cash flowing assets such as this one rarely become available for purchase. The property benefits from strong seasonal demand, consistently achieves 100% occupancy in summer, and maintains an impressive 70% occupancy in the off-season, mostly supported by a loyal repeat clientele. Significant capital improvements were completed in 2011, including upgrades to electric, plumbing, roofing, HVAC, pool, and stucco, minimizing future capex needs. The property is currently franchised, but the franchise can be canceled at any time without penalty, offering branding flexibility. AirBnB and hoteliers who can quickly close on this high yield investment asset to scale their portfolio will place the property immediately into service, capitalize on Summer 2025 revenue, take advantage of the depreciation write offs, and can immediately start exploring creative options to expand and add units to the existing property. Fabulous future expansion upside includes adding a 2nd story to double the unit count. Property is priced for a quick sale and NDA required. Seller is willing to provide transition training to ensure a smooth handover. Call us directly for more information.

Nearly new (6 years young) single in the Hickory Point section of Somers Point, a newer tucked away development of premium single family coastal homes. This home boasts 4 bedrooms, 2.5 baths, a walk-out basement, spacious master bedroom with vaulted ceiling and walk-in closet, beautiful tiled shower, elevated vanity & toilet in master bath, 3 additional bedrooms with hall bath, attic fan and 4 ceiling fans, living room plus family room with vaulted ceiling and remote vented fireplace, large dining area, gorgeous white kitchen with new premium Cambria quartz counters and island, new backsplash, extra large sink and faucet, and more! The beautiful property also includes new professional grade appliances, under-cabinet lights and large pantry, LVP floors throughout, new custom plantation shutters, all new LED interior lighting, new spacious deck off of family room with stairs to vinyl fenced yard, gutter guards, owned Solar panels, attached garage and opener plus 2-car parking pad, and a completely redone front façade of the home featuring new railings, shutters, lighting and shiplap. Home also includes tankless hot water, 1st floor laundry, and powder room. Enjoy the close proximity to the many great restaurants and bars, plus free beach with free weekend concerts! Just 5 minutes to the iconic Ocean City boardwalk & beach! No flood insurance required. Your shore retreat has been found! See you at Hickory Point!