DESCRIPTION
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.
- Refrigerator
- Dishwasher
- Disposal
- Smoke/Fire Detector
- Stainless Steel Appliance
- Living Room
- Kitchen
- Storage Space
- Heating:Electric
- Heating:Forced Air
- Heater:Electric
- Cooling:Central Air
- Cooling:Electric
- Cooling:Ceiling Fan
- Cooling:Multi Zoned
- Public
PROPERTY LOCATION / MAP
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Let Maggie Sgalio with COMPASS RE be your buyer agent for this listing. Listing is provided by COMPASS RE - Sic. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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719 E 10th Street, Ocean City
For Sale:
$969,900 MLS: 241110Bed:3 | Bath:3 LOT: | DOM:15
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