Business For Sale

24 Unit Condo in Cape May County, NJ.

Not Disclosed, NJ
Cape May County

Free Standing Building. Overlooking Ocean


Asking Price: Annual Revenue:
$6,500,000 $532,000

Commercial Real Estate: Multi-Family


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RE: 24 Unit Condo in Cape May County, NJ. Broker: Eleanor Murray

Quick Facts

Asking Price: $6,500,000
Annual Revenue: $532,000
Net Profit: Not Disclosed
Cash Flow: $320,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $6,500,000
Year Established: 2007
Employees: 5
BBN Listing #: 523117398
Broker Reference #: 1336C

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Business Overview:

24 Unit Condo in Cape May County, NJ. for Sale! 23,400 SF. All Furnished. Overlooking Ocean. 3 Floors of residential Units. All units are approved for individual condo's to be sold or rented. (11) 2 Bedroom, 2 Baths, (13) 1 Bedroom, 1 Bath. Has separate Heat, AC and Electric for each unit. Plus Laundry room. Building only 11 years old. Parking for all 24 units. Price include extra property in back plus parking lot. Seasonal: Open April through October. Closed November 1st. through March. Can open year-round. Can be turned into Air BNB. Same owner for 11 years.

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Property Features and Assets:

Free Standing Building, Pool, Bar, Laundry Room.

Market Competition and Expansion:

Overlooking ocean. Can be turned into Air BNB.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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