$182,500
Sold

840 Ocean Avenue #15

Ocean City, NJ 08226
3 beds | 1.5 baths | #573214
Type:Purchase
Structure:Condo
Zone:Residential

Description

Unit #15 @ The "Sifting Sands" Condo/Motel. This is a 1st floor corner unit, and a true 1BR, 1BA. One of the largest floorplans in the building. This unit has an extra-large kitchen - not a "kitchenette". Also includes a remodeled bath with tub - not just a shower. 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 & converted to condo/motel ownership in '04. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April-Oct) guarantees "hands off & hassle free" income. Building open year 'round. Block off some personal usage between rentals in the summer and available for your usage at your pleasure off-season. 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, bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Take a real good look.....where else in OC can you get a 1BR, 1 Bath with a pool this close to the ocean and boardwalk at this price? Call Listing Agent for details & questions regarding personal usage & the Rental Program. When Motel is in full operation, showings have to be in-between Guests.

Location

Roger MaloneReal Estate Group
OR