840 Ocean Avenue, Ocean City NJ |
|
|
 |
| Active PRICE: $179,900 |
| MLS NUMBER: 595730 |
| BEDROOMS: 1 BATHROOMS: 1 |
| STREET ADDRESS: 840 Ocean Avenue |
| CITY: Ocean City NJ |
| PROPERTY TYPE: Condo |
| SQ FT: LOT DIMENSIONS: |
| TOTAL ROOMS: 2
|
| DAYS ON MARKET: |
| NEW CONSTRUCTION: Yes |
| TAXES: $747 TAX YEAR: 2024 |
| PROPERTY DESCRIPTION |
|
| RENTAL POWERHOUSE! 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). 2024 Income was $24,513.17 ($19,963.17 summer, $4,550 winter). After all expenses, this unit generates over $9,000, bringing in a solid 5% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished 2023, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry R |
|
|
| PROPERTY FEATURES |
|
Cooling:Electric,Wall Units
Sale Includes: Blinds,Furnished
Appliances : Electric Stove,Microwave,Refrigerator
Heating : Baseboard,Electric |
|
Location : Boardwalk Area,Corner
Sewer : Public Sewer |
|
Water Heater: Gas
Status: Active
Rooms: 2
|
|
|
|
|
| Last Database Update: 10/08/2025
|
|
|
Listing Courtesy of . Fox Real Estate-Ocean.
© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Kevin Decosta of Fox & Roach Realtors - Berkshire Hathaway Homeservices are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. |
|
|
Kevin Decosta