For Sale $74,900 - Condominium
“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. The building has a 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 on the 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.