Watsons Regency Condos For Sale
On the corner of 9th and Ocean, you can find one of Ocean City’s best income producing investments. While it may look like a hotel, many may not know that Watson’s Regency is home to privately owned condos. This building operates as one of Ocean City’s best run “condo-hotels.”
This type of ownership certainly isn’t for everybody, but it can be very attractive to many buyers. Ownership is almost completely carefree… The front desk will handle acquiring all rentals, guests needs, and even daily maid service.
Watson’s features some of Ocean City’s largest 1 bedroom condos and the only indoor, year-round, pool.
What makes this such a great investment? Most condos in the front desk rental program generate $22,000 to $30,000 in yearly gross rental income. The hotel does charge a 22% commission and $25 daily housekeeping fee to owners for all rentals. These fees are in addition to the monthly condo fee and yearly property taxes.
This type of ownership is ideal for somebody who wants 1-2 weeks of personal summer use, huge rental income, no stress, and the benefits of condo ownership in Ocean City NJ.
Don’t forget as this often gets confused… This is true deeded condo ownership! However, with most of the building involved in the front desk rental program, Watson’s operates just like a top rated hotel. Forget the stress of being a landlord and still collect great rental income!
Please call for more information about ownership.
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