820 Ocean Avenue #115, Ocean City NJ | Cabrera Coastal Real Estate

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820 Ocean Avenue #115, Ocean City, NJ

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For Sale: $899,900

Bedrooms: 2 Bathrooms: 2

Half Baths: 0

Type: Condo

DOM: 0 Days

Sq Ft: 740

Unit: 0

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PROPERTY DESCRIPTION

DO THE MATH! This money-maker generated a 5.17% Cap Rate in 2025 and averages over $75,000 annually in gross income! Net income 2025 after all expenses was $46,540. The "Presidential Suite" at Biscayne Suites is the crown jewel of this 64-unit condo/hotel complex. It’s the ONLY 2-bedroom, 2-bathroom unit, and is the most sought after and advanced-reserved unit in the building (over 85% booked already for 2026), capable of accommodating up to 8 guests with 2 roll-away beds (the 1BR units sleep 4 to 5 people). It is by far the top rental performer in the building - all the 1BR units average @$28,000+/- annually. The fully remodeled interior boasts a full kitchen with full-sized appliances, as well as being the ONLY unit with its own washer and dryer (others use coin-operated facilities). Features include extensive woodworking, recessed lighting with crown moldings, textured acrylic walls, ceiling fans, and a padded dining booth. Offered fully furnished. It’s outfitted with 3 TVs, a stereo/DVD player, an electric fireplace, a king bed, a queen bed, and a queen sleeper sofa. Biscayne Suites offers Ocean City's only rooftop pool with a stunning sun deck and breathtaking ocean and bay views. The on-site front desk and year-round staff and housekeeping ensure seamless operations, making this one of Ocean City's premier condo/hotels. Loyal guests return year after year. This unique property is ideal for investor-owners looking to benefit from high demand and desirability. The required front desk’s summer rental program provides consistent, hassle-free income, yet allows generous personal owner use in-season, and unrestricted personal use off-season. The Condominium Association is stable, well-managed, well-funded, and financially secure—details are available from the listing agent.

PROPERTY FEATURES

Dining Area
Laundry/Utility Room
Dishwasher
Disposal
Dryer
Electric Stove
Microwave
Refrigerator
Self Cleaning Oven
Washer
Heating:Electric
Heating:Forced Air
Carport
One Car

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For Sale: $899,900 | MLS Number: 601138

| DOM: 0 Days
Provided by: Cabrera Coastal Real Estate - https://cabreracoastalteam.com/

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Let Cabrera Coastal Real Estate be your buyer agent for this listing. Listing is provided by Fox Real Estate-Ocean. 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 are subject to change, withdrawal, or prior sale.

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