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Ocean City, NJ 34k Grossing Condo
Ocean City, NJ 34k Grossing Condo
  • Home
  • New Jersey

Ocean City, NJ 34k Grossing Condo

Pending / Sold

$239,900

Property ID :

 RH-9110-property

Bathrooms
1
Garage
1
Area
252 sq ft

Features

  • Waterview

Additional Details

  • Gross Revenue: $34000
  • HOA Fee: $267 Monthly

Description

This efficiency unit comes complete with a galley kitchen with granite countertops, tiled back-splash, luxury vinyl plank flooring, two double beds, a spacious bath, and beautiful furnishings. Ocean 7 was magically transformed from a Grand Old Hotel into separately owned condominiums a few years ago. She offers all the conveniences of Hotel Living, daily check-ins via the front desk, daily maid & linen service, on-site management for carefree ownership, and a heated resort style pool with a sundeck. Includes parking and storage facility. Condo fees include water, sewer, hot water, flood & hazard insurance, common area maintenance, cable TV, Wi-Fi, & ELECTRIC! Located just a stone’s throw to the famous Ocean City beach & boardwalk. Ocean 7 boasts one of the island’s best rental addresses, too…if high investment income is what you are after, look no further. 2021 gross rental income exceeded 34K. Ocean 7 is a seasonal building open from late April to mid-October.

Listed by:

Robert Gullo

Fox Real Estate-Ocean

Source: SJSRMLS,MLS#: 559872

Real Estate on Zillow

See more details for 870 E 7th St #418, Ocean City, NJ 08226 on Zillow

Facts and features

  • Condominium
  • 0 bedrooms
  • 1 bathroom
  • Electric
  • Wall unit(s)
  • 1 Parking space
Interior details
Bedrooms and bathrooms
  • Bedrooms: 0
  • Bathrooms: 1
  • Full bathrooms: 1
Heating
  • Heating features: Electric
Cooling
  • Cooling features: Wall Unit(s)
Appliances
  • Appliances included: Electric Stove, Microwave, Refrigerator
Interior Features
  • Window features: Blinds
Property details
Parking
  • Total spaces: 1
  • Parking features: None
Property
  • Levels: One
  • Pool features: Community
  • Patio and porch details: Deck/Porch
  • View description: Boardwalk Front, Water
  • Waterfront features: Boardwalk Front
  • Frontage type: Boardwalk Front
  • Has waterview: Yes
  • Waterview: Water,Water View
Other property information
  • Additional structures included: Storage Facility
  • Inclusions: Blinds, Furnished
Construction details
Type and style
  • Home type: Condo
  • Property subType: Condominium
Condition
  • New construction: No
Utilities / Green Energy Details
Utility
  • Sewer information: Public Sewer
Community and Neighborhood Details
Community
  • Community features: Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility
Location
  • Region: Ocean City
  • Subdivision: Ocean 7
HOA and financial details
HOA
  • Amenities included: Cable TV, Deck/Porch, Elevator, Laundromat On Site, Outside Shower, Pool, Storage Facility
  • Services included: Amenities, Electricity, Insurance, Maintenance, Management, Sewer, Trash, Water, See Remarks, Other Utilities, Hot Water, Air Conditioning, Heat, Cable TV, Pool
Other financial information
  • Annual tax amount: $1,212

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