Description
Sea Palace Inn and Sea Palace Motel. 2 Building compound steps from the beach on the main corridor into town. Well run and super clean multiple properties for the price of one. Gross income in excess of $1,100,000.00. NOI could be over $800,000.00. Huge double digit Cap Rate over 14%. 44 units plus mgrs unit. Handicap access includes a large elevator. These well maintained properties are steps to the beach and have a significant upside as the owner runs only part of them year around. Great opportunity for an owner operator to step into a monster income. Located 1 hr from NYC, Philly and AC off Pky Exit 82. Shows very well. Need POF to book appointments.
Location
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Courtesy of: Seaside Heights Realty Inc. Information Source: Monmouth Ocean Regional REALTORS®
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