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Ocean City, NJ 25k Grossing Condo
Ocean City, NJ 25k Grossing Condo
  • Home
  • New Jersey

Ocean City, NJ 25k Grossing Condo

Pending / Sold

$150,000

Property ID :

 RH-16042-property

Bathrooms
1
Year Built
1928

Additional Details

  • HOA Fee: $385 monthly
  • Gross Revenue: $24,974.17

Description

This is a knock-out investment opportunity considered to be a “little slice of heaven” in Ocean City, NJ — the greatest family vacation spot on earth! This 180 SF studio condo is located in the center of the action, steps from the boardwalk and ocean. You don’t even need to cross a street to get there! There are the ocean, boardwalk, and bay views. This unit is on the 4th Floor at The Hanscom (formerly the Homestead Beach Hotel), an Ocean City historical building. The beautifully updated lobby is where guests can check in. Washer/dryer, snacks, ice machine on the first floor. The unit comes with a storage space located on the same floor. This neighborhood/location is PERFECT with being near to the heart of the boardwalk’s music pier. There is an ice cream shop (Sundae’s) next door. Right across the street, there are bike rentals, and about 3-4 blocks away is bustling downtown! The OCNJ waterpark is the next block over. Your renters can easily walk or bike to the grocery store as well. It is no wonder the unit has seen the success that it has being listed as an Airbnb! Great Rental History! Gross 2020: $19,565.22 Gross 2021: $24,974.17 Monthly Association Fees: $385.00 includes includes cable, hot/cold water, trash/sewer, building insurance/maintenance, building wifi. Heat/air conditioning and electricity are paid for by the unit owner. New owners must have a deposit of 3x the monthly association fees due at closing. Cash only – financing not available.

Listed by:

Hader Rivas

eXp Realty – Montclair

Eunice Puerto (856) 405-9232 | eunice.puerto@exprealty.com

Source: SJSRMLS,MLS#: 560549

Real Estate on Zillow

See more details for 807 E 8th St #402, Ocean City, NJ 08226 on Zillow

Facts and features

  • Condominium
  • 0 bedrooms
  • 1 bathroom
  • Built in 1928
  • Baseboard, electric
  • No data
  • None
Interior details
Bedrooms and bathrooms
  • Bedrooms: 0
  • Bathrooms: 1
  • Full bathrooms: 1
Flooring
  • Flooring: Hardwood
Heating
  • Heating features: Baseboard, Electric
Appliances
  • Appliances included: Dishwasher, Electric Stove
Interior Features
  • Window features: Blinds
  • Interior features: Elevator, Foyer
Property details
Parking
  • Parking features: None
Accessibility
  • Accessibility features: Elevator
Property
  • Levels: One
  • View description: Water
  • Waterfront features: Beach Block, Boardwalk Area
  • Has waterview: Yes
  • Waterview: Water,Water View
Other property information
  • Additional structures included: Storage Facility
  • Parcel number: 08007020000000250000C402
  • Inclusions: Blinds
Construction details
Type and style
  • Home type: Condo
  • Property subType: Condominium
Material information
  • Construction materials: Brick, Concrete, Stucco
Condition
  • New construction: No
  • Year built: 1928
Utilities / Green Energy Details
Utility
  • Sewer information: Public Sewer
Community and Neighborhood Details
Security
  • Security features: Security Service
Community
  • Community features: Elevator, Laundromat On Site, Outside Shower, Storage Facility
Location
  • Region: Ocean City
  • Subdivision: NONE
HOA and financial details
HOA
  • Amenities included: Cable TV, Elevator, Laundromat On Site, Outside Shower, Security, Storage Facility
  • Services included: Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water, Other Utilities, Hot Water, Cable TV

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