840 Ocean Ave

Ocean City, NJ
$ 119,900 Beds 1 Baths 1
Monthly Estimate* How much can I afford?

Multiple Units Offered: Unit #27 = $119,900, Unit #12 = $124,900, Unit #23 = $129,900 Investor's Alert - Also offering a DISCOUNTED Package Deal. All Three Remaining Units being sold (#12, #23, #27) - all at once at the discounted price of $100,000 each. NOTE: Unit #7 (formerly part of this multi-unit offering) just sold 5/27/21 for $118,000). These are Efficiency & 1BR, 1BA units. Gross Rents Collected 2019 = $36,320.83. Net Rents (no mortgages on units) = AFTER all expenses including Rental Program Expenses = $19,785.00, a return on $300K cash invested of +6.6%. Building has on-site rental program, heated pool, fantastic 9th & Ocean Avenue location. COVID 2020 SUMMER UPDATE: Gross Rents Collected (3 units) 2020 Summer (COVID Summer - opened 6/1/20 and closed 9/30/20 + Winter 20-21 Rental) = $27,560. Net Rents 2020 = $11,561.00 (after all ownership and operational expenses (no mortgage) including rental program). +3.5% return. See Associated Docs for more info.

Condos

  • Price
  • $ 119,900
  • Lot Size
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • $ 1
  • County
  • CAPE MAY
  • Style
  • Converted Motel
  • Area
  • Ocean City-Central
  • MLS#
  • 538251
  • Zip
  • 08226
Listing Provided by: Fox Real Estate-Ocean
Data Source: South Jersey Shore Regional MLS (SJSRMLS) - 141 - NJ

Features

General

Appliances Electric Stove, Microwave, Refrigerator
Assoc. Fee Includes Amenities, Cable, Insurance, Maintenance, Management, Pool, Sewer, Trash, Water
Beds 1
Class CONDOMINIUM
Common Area Features Cable TV, Deck/Porch, Laundromat On Site, Outside Shower, Pool
Condo Name Sifting Sands
Full Baths 1
Garage None
Heating Baseboard
Listing Area Ocean City/Central
Location Corner
Pets Allowed Y/N No pets allowed
Rooms 3
Sewer Public Sewer
Status Active
Status Active
Stories Two
Style Converted Motel
Tax Year 2020
Taxes 1
Type Condo
Unit Number #27
Water Public Water

Interior Features

Air Conditioning Electric, Wall Units
Unit Levels One

Exterior Features

Exterior Concrete, Masonry/Block, Stucco

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/20/2020 Listed $320,000
5/5/2021 65% - $114,900

Property vs Zip Code Average in 08226

Price
AVG $900K
$120K
Visits
AVG 40
167
Walkscore
AVG 51
74
Data Provided by Walkscore ® not using MLS data

Map

840 Ocean Ave Ocean City, NJ is a Single Family Home for sale at $119900 and a lot size of Acre(s). 840 Ocean Ave Ocean City has 1 bedrooms, 1 baths . The property's zip code is 08226 which is in Ocean City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.