1020 Asbury Ave, Ocean City, NJ 08226
1020 Asbury Ave, Ocean City, NJ 08226
1020 Asbury Ave, Ocean City, NJ 08226
1020 Asbury Ave, Ocean City, NJ 08226
1020 Asbury Ave, Ocean City, NJ 08226
1020 Asbury Ave, Ocean City, NJ 08226
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Edward Rogers

Edward Rogers

+1(267) 231-7212
$ 1,599,000
Est. payment | /mo

2 Beds

2 Baths

3,382 SqFt

Save
$ 1,599,000
Est. payment | /mo
Save

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. Each residential unit rents for $60 ,000 in summer rental income plus commercial store lease- projected annual /summer income of 160,000 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

South Jersey Shore Regional MLS (SJSRMLS)
Listed by BHHS FOX and ROACH-Simpson OC

Nearby Locations

Edward Rogers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA

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1020 Asbury Ave