Address: |
view address Ocean City, NJ 08226 Map Location |
Features: | Elevator, Forced Air |
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Bedrooms: | 3 | Bathrooms: | 3 (full: 3) |
Year Built: | 2000 | Status: | Active |
Property Type: | Condo | County: | Cape May County |
List Date: | 2024-04-18 | Listing Number: | 241110 |
Listed By: | COMPASS RE - Sic |
Presenting a rare investment opportunity in Ocean City, renowned as America's Greatest Family Resort! Nestled within the esteemed Impala Suites, this condominium hotel comprises three units that can be leased individually or merged, granting flexibility and maximizing rental prospects. Together, the three units encompass 3 bedrooms, 3 full baths, and a private deck in each, accommodating over 10 guests in total. This layout is ideally tailored for families or groups seeking generous and well-appointed accommodations. The building, constructed in 2021, is under the management of an on-site property management firm, ensuring a hassle-free experience for proprietors. The management company oversees all facets of property management, encompassing rental procurement, upkeep, and reservations, thus rendering this investment opportunity truly hands-off. The previous owner effortlessly garnered $50,000 in rental revenue last year, with projections for this season already exceeding $55,000. The Impala Suites boast full occupancy throughout the summer, underscoring their popularity and potential for substantial returns. Positioned directly at the beach and boardwalk, the units offer breathtaking ocean vistas and convenient access to the pool. Distinguished from other units in the building, these residences feature a well-illuminated entry, forgoing the inconvenience of dim hallways. Seize the chance to invest in this fully furnished opportunity at Impala Suites in Ocean City, where prime location, luxurious amenities, and robust rental income potential converge seamlessly.
Ceiling Fan(S): | Yes | Dishwasher: | Yes |
Electric Heat: | Yes | Electric Water Heater: | Yes |
Elevator: | Yes | Forced Air: | Yes |
Garbage Disposal: | Yes | Handicap Features: | Yes |
Kitchen: | Yes | Refrigerator: | Yes |
Smoke Alarm: | Yes | Zoned Heat: | Yes |
Attached Parking: | Yes | Deck: | Yes |
Garage: | Yes | Patio: | Yes |
Corner Lot: | Yes | HOA Dues: | 555.00 |
Lot Number: | 25.00 | Public Sewer: | Yes |
Public Water: | Yes | Taxes: | 7,572.41 |
Transaction Type: | Sale |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.