5006 Ocean Avenue $440,000

Motel Investment Opportunity! Directly on Ocean Avenue with tremendous ocean and boardwalk views, this is the perfect starter motel! This property offers amazing ocean views from the oversized sundeck and all upper level units, with a total of 9 units with a breakdown as follows: 2 motel units (no kitchen), 1 motel unit with kitchen, and 6 two room efficiencies with kitchens. In addition there is a spacious owners quarters with living room/sleeping area, eat in kitchen, complete with laundry, utility room and storage, and the owner's quarters has heat. The location is highly desirable - the Sea Ray Motel is situated between Hand and Leaming Avenues, just south of Rio Grande Avenue, and very close to Wildwood Crest, the Wildwood Convention Center, and many more attractions. There is no need to worry about parking as the property has 9 off street parking spaces. Don't miss this well priced opportunity! Seller is conveying property "as is".

This listing is provided courtesy of LEES REAL ESTATE