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820 Ocean Ave. #115 #115, Ocean City, NJ 08226

Ocean City
Local realty services provided by:CENTURY 21 Rauh & Johns
820 Ocean Ave. #115 #115,Ocean City, NJ 08226
$899,900
  • 2 Beds
  • 2 Baths
  • 740 sq. ft.
  • Condominium
  • Active
Listed by: jesse briglia
Office: fox real estate-ocean
MLS#:601138
Source:NJ_SJSRMLS

Price summary

  • Price:$899,900
  • Price per sq. ft.:$1,216.08

About this home

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...

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Home facts

  • Listing ID #:601138
  • Added:361 day(s) ago
  • Updated:October 02, 2026 at 04:18 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Kitchen Description:Dishwasher, Disposal, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Living area:740 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central, Electric
  • Heating:Electric, Forced Air

Structure and exterior

  • Building area:740 sq. ft.
  • Construction Materials:Masonry/Block, Steel, Stucco

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,900
  • Price per sq. ft.:$1,216.08
  • Tax amount:$2,082 (2025)

Features and amenities

  • Laundry features:Dryer, Laundry/Utility Room, Washer

Parking

  • Parking description:Carport, One Car

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