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$ 1,599,000
Est. payment | /mo
2 Beds
2 Baths
3,382 SqFt
$ 1,599,000
Est. payment | /mo
2 Beds
2 Baths
3,382 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,382 sqft
Price per Sqft $472
MLS Listing ID 613258
Bedrooms 2
Full Baths 2
Year Built 1924
Annual Tax Amount $4,200
Tax Year 2025
Lot Size 3,382 Sqft
Property Sub-Type Triplex
Property Description
PRIME DOWNTOWN OCEAN CITY INVESTMENT OPPORTUNITY! Located in the heart of Ocean City at 10th Street and Asbury Avenue, this versatile three-story mixed-use property offers endless possibilities for investors, business owners, and owner-occupants alike! The first floor features commercial space in a highly desirable downtown location, ideal for establishing your business or generating rental income. Above, you'll find two beautifully remodeled residential units. The spacious second-floor unit offers 4 bedrooms and 1 full bath, while the third-floor unit features 3 bedrooms and 1 full bath. Both residential units have been tastefully updated, providing attractive options for year-round living, seasonal use, or rental income. ALL THREE UNITS WILL BE DELIVERED VACANT AT SETTLEMENT giving the new owner complete flexibility to occupy, lease, or establish their own rental rates from day one! Live in one unit while generating income from the others, operate your business downstairs, or maximize the property's investment potential. Just steps from Ocean City's popular shops, restaurants, and downtown attractions- and a short walk to prime Boardwalk attractions and beautiful beaches- this is a rare opportunity to own a mixed-use property in one of the shore's most sought-after communities. Each unit has one private parking spot. Residential units will be delivered fully furnished. Both Residential units have private in unit laundry. LOCATION, FLEXIBILITY & INCOME POTENTIAL — THE POSSIBILITIES ARE ENDLESS!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details See Remarks,Boardwalk Area
Rooms
Other Rooms Eat In Kitchen, Laundry/Utility Rm
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by BHHS FOX and ROACH-Simpson OC
Nearby Locations
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