1601 Ocean Ave, Pt Pleasant Beach, NJ 08742

Motel property that can potentially be converted to residential use or condos or mixed use. Half a block to the beach, with public beach access. There are two apartments, one two bedroom and a one bedroom, plus 23 regular rooms. Live in the apartment(beach living!!) and collect rental income from other rooms/apartments. Can be rented on Airbnb and other hotel websites. Management crew in place, if needed. Excellent income generator. Will easily pay the mortgage with the rental income from rooms. Can easily be financed with 30% down payment.