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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 85% 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 Type(s):
Condo/Townhouse/Co-Op
| Last Updated | 10/5/2025 | Year Built | 0 |
|---|---|---|---|
| County | Cape May |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer |
| CONSTRUCTION | Block, Metal Siding, Stucco |
| HEAT | Electric, Forced Air |
| INTERIOR | Elevator |
| LOT | 0 |
| SEWER | Public Sewer |
| TAXES | 2082 |
| UTILITIES | Cable Available |
| WATER | Public |
Location
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Listed with Fox Real Estate-Ocean
Properties marked with the Broker Reciprocity icon are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database.
Real estate listings held by brokerage firms other than Fox Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information Deemed Reliable But Not Guaranteed. © 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.
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