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840 Ocean Ave, Ocean City, NJ 08226 (MLS # 542591)

Price $74,900
Status Active
Beds 0
Baths 1 Bath
Home size n/a
Lot Size n/a
Days on Market 226
"Sifting Sands" a 50-unit Condo/Motel,is directly on the corner of 9th St. & Ocean Avenue, smack dab in the middle of the beach and boardwalk zone. Building has heated pool, In-house, on-site rental program (compliant with City of OC ordinances), Gross Rental Income Summer 2020 = $13,369.00. Net 2020 Income after deduction of Rental Program Expenses: $7,080.12. Professional on-site management. Condo fee includes water, sewer, hot water, TV Cable, Wi-Fi, Building maintenance, insurance and management. Unit #2 is first floor, and features a larger than average kitchen. Sold furnished. Tenant occupied winter '20-'21, 24 hour notice. This property does not allow pets and is not designed solely as a 2nd home.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 2/17/2021 Year Built 0
Community Ocean City/Central County Cape May

Additional Details

AIR Electric, Wall Units
AIR CONDITIONING Yes
AMENITIES Cable, Deck/Porch, Gas, Hot Water, Insurance, Laundromat On Site, Maintenance, Management, Outside Shower, Pool, Pool;Cable TV, Sewer, Trash, Water
APPLIANCES Electric Stove, Microwave, Refrigerator
AREA Ocean City/Central
CONSTRUCTION Concrete, Masonry/Block, Stucco
GARAGE None
HEAT Electric, Forced Air, Space/Wall/Floor
INTERIOR Wall to Wall Carpet
LOT 0
LOT DESCRIPTION First Floor
MASTER ON MAIN Yes
PARKING None
SEWER Public Sewer
STORIES 1
STYLE Converted Motel
TAXES 645
WATER Public Water

Location

 

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Listed with Fox Real Estate-Ocean

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