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BR Logo SJSRMLS Listing courtesy of Fox Real Estate-Ocean
Active
$899,900
820 Ocean Ave. #115 #115
Ocean City, NJ 08226
MLS
601138

2
Bedrooms
2
Bathrooms
0
Lot sqft

Condo • $1216/SqFt • 339 days on site

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 95% 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.

MLS#601138

Presented By

Adam D’Annunzio

REALTOR®

Adam D’Annunzio

(609) 604-5958
MLS
601138

BR Logo SJSRMLS Listing courtesy of Fox Real Estate-Ocean

Additional Home Features

Lot Description

  • Lot Features:
    Boardwalk Area

Pets

  • No Pets Allowed

Finance Info

  • Property Taxes:
    2082
  • Tax Year
    2025
  • Not REO / Bank Owned

Windows

  • Blinds

Exterior Features

Exterior Features

  • Exterior Material:
    Masonry/Block, Steel, Stucco
  • Sewer Type:
    Public Sewer
  • Other Parking Options:
    One Car, Carport

Basic

Listing Status

  • Active

Exterior Construction

Exterior Construction

  • Stucco

Interior Features

Interior Features

  • Central A/C
  • Elevator
  • Heat - Electric
  • Other Heating options:
    Electric, Forced Air
  • Other Rooms:
    Dining Area, Laundry/Utility Room
  • Ceiling Fan(s)

Appliances

  • Washer
  • Appliance Info:
    Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator

Rooms

  • Utility Room

Property Description

Parking

  • Carport

Heat

  • Forced Air

Heating & Cooling

  • Cooling:
    Ceiling Fan(s), Central, Electric

Water Source

  • Public

Water/Sewer

  • Public Sewer

Swimming Pool

Swimming Pool

  • Pool
  • Community Pool

Payment Estimate

Total Cost of Mortgage:$1,638,138
Principal & Interest:$4,550
HOA Fee:$0
Home Insurance:$150
Property Tax:$825
Total Estimated Costper Month:$5,525

Home Price

Max
$899,900

Down Payment

Max
$179,980

Interest Rate & Term

Interest (%)

Term

Additional Monthly Costs

HOA Fee ($/mo)

Home Insurance ($/mo)

Property Tax ($/mo)

The accuracy and applicability of this calculator are not guaranteed.
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BR Logo SJSRMLS Listing courtesy of Fox Real Estate-Ocean
Presented By
Adam D’Annunzio

REALTOR®

Adam D’Annunzio

(609) 604-5958

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