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.
Off market
Zestimate®
$2,380,500
1601 Ocean Ave, Pt Pleasant Beach, NJ 08742
27beds
9,064sqft
SingleFamily
Built in 1964
0.34 Acres Lot
$2,380,500 Zestimate®
$263/sqft
$3,078 Estimated rent
Owner options
What's special
Facts & features
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$2,380,500
2% more+$47,610
With Zillow Showcase(estimated)$2,428,110