1116 Ocean Boulevard

Rare opportunity to own an entire oceanfront condo building located directly on the Front Beach in the heart of IOP's retail and restaurant district. This 6-unit condo building is being sold fully furnished, and all units are active, turn-key vacation rentals. Guests love the expansive ocean views from the back covered porches. Just a few steps puts you poolside or on the beach. A few more steps and you're at most of the Island's restaurants, bars, and shops. There are 6 total condo units: Four 3-BR/2.5-BA units at 1600 sq ft each (101, 102, 201, 202); one 1-BR/1-BA unit at 800 sq ft (301); and one 4-BR/3.5-BA unit at 2400 sq ft (302). Sale is for the entire building and land. Units will not be sold separately.Recent improvements include: -New roof 2021 -Entire building painted -All windows & sliding glass doors replaced -All master bedroom showers replaced -New granite and cabinets (all replaced between 2019-2021) -All new LVT flooring (2018-2021) -All freshly painted (2019-2021) -Common areas sealed -New shutters (orange) -New fences built to create boundaries to property -Upgraded sprinkler & fire equipment in covered garage -New outdoor shower & bench area off beach access -Rebuilt 75% of the beach access walk -Pool decking resurfaced in 2023 -Painted reserve parking spaces -All new lattice around perimeter of ground level -Painted the property-facing side of the public bathhouse -Improved drainage around the property -All dryer vents replaced -Many furnishings for each unit were upgraded