Turnkey waterfront investment opportunity! This fully renovated triplex offers an exceptional combination of immediate cash flow, modern improvements and rare deep water access. Completely gutted and rebuilt less than 2 years ago, the property is fully occupied by year round tenants, providing stable income from day one. The building consists of three spacious units: a large one bedroom apartment, a two story four bedroom residence and a two story two bedroom residence. Each unit has been thoughtfully renovated with updated finished and major systems, making this a truly low maintenance addition to any investment portfolio. Outside, you'll find a brand new dock and pilings capable of accomodating up to three large boats or several smaller vessels creating an incredible waterfront amenity rarely found with multi-family properties. Beyond its current income producing performance, this property offers outstanding long term flexibility. Continue operating as a fully leased investment, explore the property future short term rental/Airbnb potential (subject to local regulations), or owner occupy one of the units while the remaining apartments help off set your mortgage-an ideal opportunity to enjoy waterfront living while generating rental income. Whether you are looking to expand your portfolio with a stabilized asset or secure a unique waterfront property with tremendous upside, opportunities like this are few and far between. Property is being sold strictly as is. Buyer is responsible for obtaining the Certificate of Occupancy and any other municipal certifications required for closing.
Listing Courtesy of SOUTH JERSEY SHORE MLS / Listed By: Lea Mazurie, Century 21 Alliance
$298,000 (USD)
Ocean City Area Condominium
Pending
921 Wesley Ave A21 Ocean City, NJ 08226
1 Bed
1 Baths
sqft
MLS# 606108
Just what the doctor ordered! Located close to the Beach, Boardwalk and Downtown, this top level, corner condo can get your foot in the door at the Shore. With a full-season rental in place for 2026, you'll have immediate income to off-set your purchase cost. Plus, this condo is also sold fully furnished including plantation shutters and is even pet-friendly. Assigned off-street parking and open for use year-round. The season is fast approaching. Come see this one today!
Listing Courtesy of SOUTH JERSEY SHORE MLS / Listed By: Lea Mazurie, Century 21 Alliance