820 Ocean Avenue #115, Ocean City NJ |
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| Active PRICE: $899,900 |
| MLS NUMBER: 601138 |
| BEDROOMS: 2 BATHROOMS: 2 |
| STREET ADDRESS: 820 Ocean Avenue #115 |
| CITY: Ocean City NJ |
| PROPERTY TYPE: Condo |
| SQ FT: LOT DIMENSIONS: |
| TOTAL ROOMS: 7
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| DAYS ON MARKET: |
| NEW CONSTRUCTION: No |
| TAXES: $2082 TAX YEAR: 2025 |
| PROPERTY DESCRIPTION |
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| 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 require |
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| PROPERTY FEATURES |
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Cooling:Ceiling Fan(s),Central,Electric
Sale Includes: Blinds,Furnished
Appliances : Dishwasher,Disposal,Dryer,Electric Stove,Microwave,Refrigerator,Self Cleaning Oven,Washer
Heating : Electric,Forced Air |
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Location : Boardwalk Area
Sewer : Public Sewer |
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Water Heater: Electric
Status: Active
Rooms: 7
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| Last Database Update: 04/18/2026
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Listing Courtesy of . Fox Real Estate-Ocean.
© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Kevin Decosta of Fox & Roach Realtors - Berkshire Hathaway Homeservices are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. |
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Kevin Decosta