617 E 8th St Ocean City NJ 08226 Blue Water Inn Hotel Investment Property For Sale Doliszny OCREG

############################# Video Source: www.youtube.com/watch?v=Kln4P25JD9o

9%+ CAP RATE - INVESTOR'S INCOME AQUISTION OPPORTUNITY WITH TONS OF UPSIDE! • Click Here For Complete Details: https://oceancitynjrealestategroup.co... • The Blue Water Inn is a 39-Unit Mixed Use commercial property 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); 5 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 additional $100K to bottom line. • Income generating investment opportunities like this come around rarely in Ocean City. • NDA required for financially pre-qualified buyers only. Call Kristina at (609) 412-5547 Now! • View Our Listing On Loopnet: https://www.loopnet.com/Listing/617-E... • Ocean City Real Estate Group • Click Here For Complete Details: https://oceancitynjrealestategroup.co... • Real Estate Sale, Ocean City Real Estate For Sale, South Jersey Shore Real Estate For Sale, Boardwalk Real Estate For Sale, Commercial Properties, Luxury Homes, Waterfront Homes For Sale

#############################

New on site