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    840 Ocean , #27

    Ocean City, NJ 08226
    • $119,900
    • STATUS: Active
    • ON SITE: 399 days
    • MLS #: 538251
    UPDATED: 161 min ago
    $119,900
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Condo
    County:

    School Ratings & Info

    Description

    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.

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    © 2021 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2021-07-24T23:49:48.567.
    www.theoceansiderealtyteam.com/homes/107052237
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    840 Ocean , #27 Ocean City, NJ 08226

    • Price: $119,900
    • Status: Active
    • Updated: 161 min ago
    • MLS #: 538251
    1
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Sifting Sands
    County:
    Cape May
    Area:
    Ocean City/Central
    Property Description
    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.
    Exterior Features

    Garage None Location Corner Parking One Car Siding Exterior ConcreteMasonry/BlockStucco Stories In Building Two Style Converted Motel Unit Location First FloorSecond Floor

    Interior Features

    Air Conditioning ElectricWall Units Also Includes BlindsFurnished Appliances Electric StoveMicrowaveRefrigerator Heating Baseboard Levels In Unit One Rooms 3

    Property Features

    Approved Short Sale N/A Assoc Fee Includes AmenitiesCableInsuranceMaintenanceManagementPoolSewerTrashWater Bank Owned Foreclosure No Common Area Features Cable TvDeck/PorchLaundromat On SiteOutside ShowerPool Condo Type Condo Management AssociationOn-Site Professionals May Be Subject To Third Party Approval Short Sale No New Construction No Pets No Pets Allowed Possession Subject To Tenancy Sale Or Rent For Sale Sewer Public Sewer Tax Year 2020 Taxes 1 Water Public Water

    Listing information © 2021 South Jersey Shore Regional MLS.
    Listing provided courtesy of Fox Real Estate-Ocean.


    © 2021 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2021-07-24T23:49:48.567.
     
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    The Oceanside Realty Team | Keller Williams Jersey Shore
    5501 New Jersey Avenue
    Wildwood Crest NJ, 08260