715 East 8th Street

Ocean City, NJ 08226

$2,925,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible FIVE (5) UNIT Multifamily/Mixed-Use Investment Opportunity consisting of four brand newly renovated 2-Bed/2-Bath residential units, plus a commercial ground floor unit with tons of bonus storage. MODERN, NEW & CHIC - fabulously located just one short block from BEACH & BOARDWALK, plus pool privileges included! Each of these four beach vacation units (Units B, C, D & E) boasts brand-new white kitchen cabinetry, SS appliances, beautifully tiled baths, washer/dryer, hardwood floors throughout...Incredible FIVE (5) UNIT Multifamily/Mixed-Use Investment Opportunity consisting of four brand newly renovated 2-Bed/2-Bath residential units, plus a commercial ground floor unit with tons of bonus storage. MODERN, NEW & CHIC - fabulously located just one short block from BEACH & BOARDWALK, plus pool privileges included! Each of these four beach vacation units (Units B, C, D & E) boasts brand-new white kitchen cabinetry, SS appliances, beautifully tiled baths, washer/dryer, hardwood floors throughout and large back deck - SIMPLY PERFECT BEACH CONDOS - and all are ready to go for Summer of 2024! Building also includes an existing generous sized commercial unit (Unit A). 5-Unit building already has NJ condo approval; units are also each listed for sale separately (Units B&C $599K each; Top Floor Units D&E $619K each; & Commercial Unit A $550K). Opt to buy all 4 units for $2.43M for your family or as investment rental income, or buy the entire 5-unit building for $2.925M. Approved architectural plans, survey & draft master deed available upon request. As a bonus to the sale of residential units, seller will offer owner a contract for pool privileges for all owners, guests and prospective tenants directly across the street at the Forum Hotel and assigned parking for residential unit owners. Property offers SUPREME RENTAL INCOME POTENTIAL as its ideally located in the heart of Ocean City's cash cow hospitality zone, one block from the Ocean City Boardwalk and its white sandy beaches, and a few short blocks to Ocean City's bustling downtown shopping district. Fantastic multiple unit rental income investment opportunities in an incredible Jersey Shore vacation spot like this one doesn't come around often, so ACT FAST! So come join us at an OPEN HOUSE this weekend! Saturday 03/9 & Sunday 03/10 - 10am to 4pm. Come grab a snack and get a first look at this newly renovated coastal getaways!
  1. Listed by KRISTINA DOLISZNY • Keller Williams Realty Jersey Shore-Ocean City
  2. Listed by ROBERT DOLISZNY • Keller Williams Realty Jersey Shore-Ocean City

Property Details for 715 East 8th Street

City/Community
Ocean City
Class
MULTI-FAMILY
Parking - Exterior
Assigned, None
Waterfront (Y/N)
No
Zoned
Hospitalit

Open Houses

Friday, May 24th

2:00 PM - 4:00 PM

PublicView Details

Saturday, May 25th

9:00 AM - 4:00 PM

PublicView Details

Sunday, May 26th

11:00 AM - 4:00 PM

PublicView Details

Location

Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City
Add your commute
LISTING UPDATED: 05/21/2024 02:49 PM

Property Details for 715 East 8th Street

StatusActive
MLS #580173
Days on Market179
Taxes$9,755 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built-
Lot Size0.07 AC / 3,000 SF
CountyCape May County

Location

Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City
Add your commute

Building Information for 715 East 8th Street

Stories-Residences5Year Built-Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$16,776 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,963

Property Taxes

$813

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 715 East 8th Street

Summary
Location and General Information
  • Address: 715 E 8th St, Units A,B,C,D&E
  • Address 2: 5-Unit Property (Units A,B,C,D,E)
  • Address Direction: E
  • Address Number: 715
  • Address Search Number: 715
  • Address Street: 8th St, Units A,B,C,D&E
  • Area: Ocean City/Central
  • County: Cape May
  • Directions: 9th St Bridge, left on Bay, right on 8th, on left before Atlantic Ave, 1 Block to beach
  • Fips Code: 34009
  • Location: Beach Block, See Remarks, Boardwalk Area
  • State: NJ
  • Zip: 08226
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 12-01-2023
  • Tax Year: 2023
  • Taxes: 9755
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 704
  • Lot #: 12 ABCDE
  • Lot Dimensions: 75x40
Property and Assessments
  • Also Includes: See Remarks
  • Associated Document Count: 4
  • Doc Timestamp: 03-06-2024
  • Flood Plain (Y/N): Yes
  • Property Id: 08-00704-0000-00012
  • Total Assessment: 0
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Outside Features: In Ground Pool, Deck, Sidewalks
  • Siding/Exterior: Brick
  • Storms/Screens: Insulated Glass
Interior Features
  • Air Conditioning: Central
  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Heating: Forced Air, Gas-Natural
  • Other Rooms: Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 4
  • # Of Efficiency Units: 1
  • Annual Taxes: 9755
  • Available: Other, Survey
  • Limited Service (Y/N): No
  • Number Of Units: 5
  • Owner Occupied (Y/N): No
  • Rent Control (Y/N): No
  • Rental Information: See Remarks
  • Separate Meters: Cable TV, Cooling, Electric, Gas, Heat, Hot Water, Sewer, Water
  • Suitable For: Condo Conversion, Multi Family + Rooms, Other (See Remarks)
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Facing: South
  • Unit 1 Level: Upper
  • Unit 1 Unit: B
Unit 2
  • Unit 2 Baths: 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Facing: South
  • Unit 2 Level: Upper
  • Unit 2 Unit: C
Unit 3
  • Unit 3 Baths: 2
  • Unit 3 Bedrooms: 2
  • Unit 3 Facing: South
  • Unit 3 Level: Upper
  • Unit 3 Unit: D
Unit 4
  • Unit 4 Baths: 2
  • Unit 4 Bedrooms: 2
  • Unit 4 Facing: South
  • Unit 4 Level: Upper
  • Unit 4 Unit: E
Unit 5
  • Unit 5 Facing: South
  • Unit 5 Level: Lower
  • Unit 5 Rent: Commercial
  • Unit 5 Unit: A

Property History for 715 East 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 715 East 8th Street

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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715 East 8th Street is a multi-family home for sale in Ocean City, NJ 08226. This property was listed for sale on November 25, 2023 by Keller Williams Realty Jersey Shore-Ocean City, it's currently listed at $2,925,000. This listing's school district is Ocean City School District. Nearby schools include Ocean City Primary School, Ocean City Intermediate School and Ocean City High School. 715 East 8th Street is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.