Ocean City, NJ 28k Grossing Condo

Bay-views from this Westside unit. Renovated bath and beautiful granite countertops. This spacious & pristine condition condo comes fully furnished and equipped and has a great rental history (2021 gross rental income $28,084.00). The FLANDERS Condominium Hotel is perhaps the best known, best run “condotel” in all of Ocean City. This beautiful boardwalk fronted building is steeped in tradition. It has been a part of the Ocean City skyline for almost 100 years. She offers all the conveniences of Hotel Living daily check-ins via the front desk, daily maid & linen service, concierge service, pool, fitness room, onsite restaurant, banquet center, spa, and gift shop. Condo fees include water, sewer, flood & building insurances, cable TV, phone, WiFi, and common area maintenance. All rentals must go through the Flanders on-site rental program, no outside rentals are permitted. Year-round residency is not permitted at The Flanders. City Ordinance restricts owner usage to 200 nights per year. If participating in the rental program owner usage from mid-June through Labor Day is limited to 14 nights plus an additional 186 nights throughout the remainder of the year. If not renting owners can stay any 200 nights per year. There will be an upcoming special assessment estimated at $9,000.00 for the replacement of the windows. The installation date has not yet been determined.

Listed by:

Robert Gullo 856-305-2091 | Bob@BobGullo.com

Fox Real Estate-Ocean

Source: SJSRMLS,MLS#: 561659

See more details for 719 E 11th St #709, Ocean City, NJ 08226 on Zillow

Facts and features

• Condominium
• 1 bedroom
• 1 bathroom
• Electric, forced air
• Central air
• Off site, none

HOA

• Cable TV
• Elevator
• Laundromat On Site
• Patio
• Pool
• Amenities
• Insurance
• Maintenance
• Management
• Sewer
• Trash
• Water
• Other Utilities
• Cable TV
• Pool

Taxes: $2055