Dunes by the Ocean 1601 Ocean Ave

Just passed the 5 year DCA certification! The most popular Jersey Shore destination. Excellent shore property run as absentee ownership. Experienced Management in place! Manager will be willing to sign a long-term lease! Ideal 1031 exchange property! Owner operator can generate additional income. Beach access directly across the street. Excellent cash flow. Fully documented revenue/income history so can easily be financed, with 30% down payment. 23 rooms and 2 apartments. Operated only in spring/summer from May-September. Visit www.dunesbytheocean.com. At $150,000 per bedroom, one of the lowest price per bedroom along the shore! Price per SF is just $460, well below the replacement cost at the shore! The property sits on 3 lots and the land value alone is over $2.7 Million. New electrical panels and 600 AMP three phase electric service