MLS (capemay) #168362 - $975,000.00
819 Moorlyn
Ocean City , NJ
multi-family
Please click on thumbnails to swap image!
 
 
 
 
 
 

MOORLYN POOL APARTMENT BUILDING: This is a "Once-In-A-Lifetime & RARE Multi Use/Multi-Family AQUISTION OPPORTUNITY! This sale is for both real estate property and business consisting of 8 two-bed units+7 parking spaces. The Moorlyn Apt Bldg is only one of four hospitality/multifamily income producing properties associated under one operation, known as the Pavilion Hotel. (Other three include: 801 Atlantic Ave; 811 Atlantic Ave; and 825 Atlantic Ave. Altogether, the FOUR properties consist of 91 units of various size & amenities; produce income under one consolidated hospitality operation & reported P&L; and altogether are being offered for sale at an approx. 7-8% cap rate.) All properties are located ON BEACHBLOCK & OFF BOARDWALK in the Heart of the Hospitality Zone - Overlooking Ocean City NJ Beaches & Boardwalk– America’s Greatest Family Resort!!! The central location of these properties are indisputably positioned within Ocean City’s highest traffic volume for beach, boardwalk, hospitality, and tourist destination spots. In addition, they may be also be purchased in conjunction with two additional Boardwalk parking lots consisting of 146 existing parking spaces (listed separately: 748 Boardwalk Rear & 821 E 8th St) along with two other single family home properties strategically located right on 725-727 Atlantic Ave, adjacent to the existing parking lots. Total acquisition of all 8 properties would equal about 2.3 Acres of Prime Beachblock, Off Boardwalk property.


MOORLYN POOL APARTMENT BUILDING: This is a "Once-In-A-Lifetime & RARE Multi Use/Multi-Family AQUISTION OPPORTUNITY! This sale is for both real estate property and business consisting of 8 two-bed units+7 parking spaces. The Moorlyn Apt Bldg is only one of four hospitality/multifamily income producing properties associated under one operation, known as the Pavilion Hotel. (Other three include: 801 Atlantic Ave; 811 Atlantic Ave; and 825 Atlantic Ave. Altogether, the FOUR properties consist of 91 units of various size & amenities; produce income under one consolidated hospitality operation & reported P&L; and altogether are being offered for sale at an approx. 7-8% cap rate.) All properties are located ON BEACHBLOCK & OFF BOARDWALK in the Heart of the Hospitality Zone - Overlooking Ocean City NJ Beaches & Boardwalk– America’s Greatest Family Resort!!! The central location of these properties are indisputably positioned within Ocean City’s highest traffic volume for beach, boardwalk, hospitality, and tourist destination spots. In addition, they may be also be purchased in conjunction with two additional Boardwalk parking lots consisting of 146 existing parking spaces (listed separately: 748 Boardwalk Rear & 821 E 8th St) along with two other single family home properties strategically located right on 725-727 Atlantic Ave, adjacent to the existing parking lots. Total acquisition of all 8 properties would equal about 2.3 Acres of Prime Beachblock, Off Boardwalk property.
Long and Foster Real Estate
Paul Bodo
iLoveSeaIsle.com
(609) 263-2267
idx@iLoveSeaIsle.com
Listing courtesy of:
KELLER WILLIAMS REALTY JERSEY SHORE oc

Request More Information 
Full Name:  
Your Email:  
Your Phone:  

Subject   : 

Comment   :

Mortgage Amount defaults to 75% of listed price


This Financial Calculator requires a Browser with Java Support. If you are seeing this message you will need to download SUN's Java Plug-in. This can be done simply, and automatically, by clicking the link below:

Get the Java Plug-in!

Once SUN's Java Plug-in is installed, you may need to refresh this page to see the financial calculator. (Pressing F5 will refresh the page.)

Listing courtesy of:
KELLER WILLIAMS REALTY JERSEY SHORE oc
Subject to errors, ommissions and changes without notice.