Ad #7043714
MLS #601138
DO THE MATH! This money-maker generated a 5.17% Cap Rate in 2025
820 Ocean Ave. #115 115, Ocean City, NJ 08226
$899,900
2Beds
2Baths
--Sqft
--Acres
About this property
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 stereo/DVD player, an electric fireplace, a king bed, a queen bed, and a queen sleeper sofa. Biscayne Suites offers Ocean City's only rooftop pool with a stunning sun deck and breathtaking ocean and bay views. The on-site front desk and year-round staff and housekeeping ensure seamless operations, making this one of Ocean City's premier condo/hotels. Loyal guests return year after year. This unique property is ideal for investor-owners looking to benefit from high demand and desirability. The required front desk's summer rental program provides consistent, hassle-free income, yet allows generous personal owner use in-season, and unrestricted personal use off-season. The Condominium Association is stable, well-managed, well-funded, and financially secure-details are available from the listing agent.
Property Features
2 Beds
2 Baths
0 Sqft
0.000 Acres
Carport
Electric (Heating), Forced Air
$2,082 / yr property tax
Cape May County
Additional Photos
Contact Information
JESSE BRIGLIA
JESSE REAL ESTATE
609-442-9840
Location
Listing Agent: JESSE BRIGLIA 609-442-9840
Broker: JESSE REAL ESTATE 609-399-5377 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: JESSE REAL ESTATE 609-399-5377 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$899,900
2
Beds
2
Baths
--
Sqft
820 Ocean Ave. #115 115, Ocean City, NJ 08226
By contacting this agent you agree to these Terms and Conditions.
MLS# 601138
DO THE MATH! This money-maker generated a 5.17% Cap Rate in 2025
$899,900
820 Ocean Ave. #115 115, Ocean City, NJ 08226
2
Beds
2
Baths
--
Sqft
--
Acres
$899,900
820 Ocean Ave. #115 115, Ocean City, NJ 08226
2 Beds
2 Baths
-- Sqft
-- Acres
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 stereo/DVD player, an electric fireplace, a king bed, a queen bed, and a queen sleeper sofa. Biscayne Suites offers Ocean City's only rooftop pool with a stunning sun deck and breathtaking ocean and bay views. The on-site front desk and year-round staff and housekeeping ensure seamless operations, making this one of Ocean City's premier condo/hotels. Loyal guests return year after year. This unique property is ideal for investor-owners looking to benefit from high demand and desirability. The required front desk's summer rental program provides consistent, hassle-free income, yet allows generous personal owner use in-season, and unrestricted personal use off-season. The Condominium Association is stable, well-managed, well-funded, and financially secure-details are available from the listing agent.
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Property Details
HOME DETAILS
2 Beds
2 Baths
0 Sqft
0.000 Acres
EXTERIOR
Carport
INTERIOR
Electric (Heating), Forced Air
FINANCIAL & COMMUNITY
$2,082 / yr property tax
Cape May County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7043714
Viewed
130 times
Listing Status
Active
Added
Dec 25, 2025
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
South Jersey Shore Regional MLS
Source Property ID
601138
Listing Agent: JESSE BRIGLIA 609-442-9840
Broker: JESSE REAL ESTATE 609-399-5377 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: JESSE REAL ESTATE 609-399-5377 Listing Site
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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