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819 Moorlyn Terrace

Ocean City, NJ 08226
  • $6,000,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 566974
UPDATED: 2 min ago
$6,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

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 Citys "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 ("Americas 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!

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-09-28T09:49:57.857.
www.oceancitynewjerseyhomes.com/homes/133008710
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819 Moorlyn Terrace Ocean City, NJ 08226

  • Price: $6,000,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 2 min ago
  • MLS #: 566974
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ocean City/Central
County:
Cape May
Area:
Ocean City/Central
Property Description
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 Citys "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 ("Americas 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!
Exterior Features

Commercial Style CommercialComm. W/ApartmentsHotelMotelOther (See Remarks) Exterior Features Swimming PoolSignSee Remarks Location Beach BlockIslandSee RemarksBoardwalk Area Lot Dimensions 75X100 Parking Assigned Road Frontage Township Roof AsphaltPitched Siding Exterior Vinyl

Interior Features

Basement Crawl Space Flooring HardwoodLinoleum/Vinyl Hot Water Gas Interior Features 220 Volt ElectricityLiving Space AvailableOther (See Remarks)

Property Features

Approved Short Sale N/A Auction YN No Available FixturesFurnishingsIncome Expense Info.InventoryLease InformationLiving SpaceState Housing CertificateUtility InformationOther (See Remarks) Bank Owned Foreclosure No Buildings 1 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2022 Taxes 8256 Water Public

South Jersey Shore Regional MLS logo Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Keller Williams Realty Jersey Shore-Ocean City: .


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-09-28T09:49:57.857.
 
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The Cheryl Huber Team
109 34th St
Ocean City NJ, 08226