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1061 West Avenue
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Three-unit multifamily apartment building available for purchase
- Asset is situated in the city of Ocean City
- Total asking price is set at one million four hundred ninety-nine thousand dollars
- Residential investment opportunity located in coastal New Jersey
- Functional configuration suitable for long-term or seasonal rental strategies
What's Special
This multifamily property at 1061 West Avenue in Ocean City is currently available for sale, presenting a functional acquisition for an investor seeking to expand their residential portfolio in a coastal market. The asset comprises three distinct apartment units, positioned within a high-demand barrier island environment that draws seasonal visitors and year-round residents alike. Ocean City maintains a steady reputation for its beach-oriented economy and regional tourism, providing a reliable foundation for rental demand throughout the year. The structure is well-suited for a buyer looking to manage a small-scale multi-unit investment or reposition the asset within the local housing landscape. Given the configuration, the property accommodates various rental strategies including traditional long-term leases or seasonal turnover, capitalizing on the high visibility of the West Avenue corridor. Its strategic placement within the community ensures proximity to essential services and the coastal amenities that define this specific New Jersey shore submarket.
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