501 Beach Ave #604, Cape May, NJ 08204

***Rooms on the 6th floor "only" that are listed for sale will have the condo, association mortgage, capital improvements fees waived for one year if under contract prior to December 31st, 2015.*** What a fantastic fully managed investment with stunning views of the beach and ocean. Penthouse suite with oversized balcony, 1 bedroom with a king bed, 1 bathroom, Kitchenette, living room and central air and heating. Designed with a high ceiling, this suite has two double beds in the bedroom, with a flat screen LCD TV. A door provides a privacy barrier to the rest of the suite. Private bath has Travertine marble flooring. The kitchenette is equipped with an under-counter refrigerator, stainless steel appliances, maple cabinets, and granite countertops. The open-air cathedral ceiling living room is furnished with a queen sofa bed, and a 42" LCD flat screen TV with Bose surround sound and DVD player. Attached is a private ocean front balcony, 69 s.f. with Anderson doors and windows. You will also feel at home in your room with the beautiful area rugs and hardwood floors. Owners have an unlimited ability to use their units between January 1st and June 14th and again between October 1'' and December 31st at a $0 rate. Housekeeping fees are charged to the owner's unit account for each night the owner utilizes his or her unit. Owners have 14 allowable days between June 15th and September 30th to utilize their units at a $0 rate. Perfect for a 1031 exchange. Financing available, 30% down, as an investment to qualified buyers.