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819 Moorlyn Terrace, Ocean City

For Sale: $6,000,000   |   Active

MLS: 566975   |   Bedrooms: 0   |   Bathrooms: 0   |   Type: 4 - 10 Units   |   Lot: 100 x 75   |   DOM: Days

Where can you find an apartment building anywhere in this country at a 8-9% CAP RATE Probably nowhere... until today because HERE IT IS!!! Introducing Ocean City s "Beach House , a fully renovated 8-UNIT income producing apartment building for sale @ 8-9% CAP RATE and it includes UPSIDE! Increase seasonal cash flows, add winter rentals, and still retain the option to condo these out for individual future resale, if you wish! Each generous unit features 3 Bedrooms 1 Bath, high ceilings, breezy front porch, and an assigned parking space. These incredible income producing units are ideally situated on a highly coveted PRIME BEACH BLOCK OFF-BOARDWALK location, on the island resort of Ocean City NJ ( America s Greatest Family Resort at the South Jersey Shore). Just steps to its white soft sandy beaches & world famous Ocean City Boardwalk, they are indisputably positioned within the island's highest traffic volume for beach, boardwalk, hospitality & tourist destination spots right in the heart of the Hospitality Zone. Given the historically high level of interest in the Jersey Shore island markets for such an incredibly rare opportunity, coupled with the current high demand for impressive cash flow opportunity (w lots of upside), time is of the essence! We invite you to explore this unique WEALTH CREATION OPPORTUNITY in further detail. This is your chance to secure an immediate acquisition of income producing assets at an IMPRESSIVE CASH FLOW AT HIGHLY COMPETITIVE CAP RATE, value added upside, & optional condo conversion opportunity. Please note that this offering is affiliated with an adjacent hotel multifamily listing. These properties are currently listed 3 ways $10 million for hotels (801-811 Atlantic Ave) only $6 million for apartment building (819 Moorlyn Terrace) only and $16 million for all three parcels altogether comprising 1 ACRE OF BEACH BLOCK OFF-BOARDWALK property (801 Atlantic Ave). Contact listing agent for Confidentiality NDA, which is available to financially qualified buyers. Don't hesitate another minute - you must act on this today!

AMENITIES

  • Deck   
  • In Ground Pool   
  • Ocean View   
  • Porch   
  • Sidewalks   
  • Eat In Kitchen   
  • Living Room   
  • Storage Attic   
  • Heating:Electric   
  • Public Sewer  
  • No  

PROPERTY LOCATION / MAP
Last Database Update: 09/29/2022

 Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City.
© 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Cesari Real Estate are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
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819 Moorlyn Terrace, Ocean City

For Sale: $6,000,000 / MLS: 566975

Beds: 0 /
Baths: 0 /
4 - 10 Units

Lot: 100 x 75 /
DOM: Days
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