Jesse Briglia
This listing was posted on RealtyWW.
$149,900
Ocean Ave Unit,ocean City, Condo For Sale
Price:
$149,900
BR/BA:
1 BR, 1 BA
Location:
840 Ocean Ave Unit 45, Ocean City, NJ
Description:
Unit #45@The Sifting Sands Condo/Motel. A Center-City Landmark - Superb 60 year rental history. This unit has a newly remodeled interior. Has whirlpool tub in bath (rare). Sale inc. all furniture, pots, pans, kitchen supplies, electronics....complete. 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. Spectacular location on the corner of 9th and Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees hands off and hassle free income. Preferred 2nd floor location. Building open year 'round. SIFTING SANDS IS NOW A PET FRIENDLY ESTABLISHMENT. 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 Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire and flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes and interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details and questions on personal usage and the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Financing for Condo-Tel properties is very limited. Cash purchase or home HELOC financing may be required. 2023 Income was $15, 435.61 ($11, 235.61 summer, $4, 200 winter). After all expenses, nets about $8, 000 without a mortgage. Typically a 5-6% return.For more details: https://realtyww.info/condos_ocean-city-d535164/for-sale_i73863694
Property Type:
Condos, Townhouses & Apts for Sale
Amenities:
Cable or Satellite, Parking, Pool, TV
For sale by:
Agent/Broker
Posted:
July 11 on RealtyWW
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More About this Listing: Ocean Ave Unit,ocean City, Condo For Sale
Ocean Ave Unit,ocean City, Condo For Sale is a One Bedroom One Bath Condos for Sale at 840 Ocean Ave Unit 45 in Ocean City NJ. Find other listings like Ocean Ave Unit,ocean City, Condo For Sale and listings near 840 Ocean Ave Unit 45 by searching Oodle Classifieds for One Bedroom One Bath Condos for Sale in Ocean City NJ.
Ocean Ave Unit,ocean City, Condo For Sale is a One Bedroom One Bath Condos for Sale at 840 Ocean Ave Unit 45 in Ocean City NJ. Find other listings like Ocean Ave Unit,ocean City, Condo For Sale and listings near 840 Ocean Ave Unit 45 by searching Oodle Classifieds for One Bedroom One Bath Condos for Sale in Ocean City NJ.