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840 Ocean Ave #42 Ave 42, Ocean City, NJ 08226
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$139,900
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Home Details for 840 Ocean Ave #42 Ave 42
Price
$139,900
Type
Condo/Townhome
Full Bathrooms
1
Sq. Ft.
412
County
Cape May
Total Rooms
2
Garage
1
Tax
$696
MLS®️ Listing#
596789
On exitrealty.com
177 days
Property Description
Welcome to Sifting Sands, one of Ocean City’s last remaining iconic center-city motels, operating every summer since 1964. This updated and fully furnished condotel unit is ideally located at 9th & Ocean Avenue—just steps from the boardwalk, beaches, shopping, and dining. The unit comfortably sleeps four and features a galley kitchen and one deeded parking space. Sifting Sands is now a pet-friendly establishment, making it even more attractive for owners and renters alike. The condo fee covers a wide range of amenities, including water, sewer, flood and hazard insurance, hot water, cable, Wi-Fi, trash service, common area maintenance, professional management, and access to the onsite pool. Owners may reserve up to 14 personal-use days during the summer rental season, and enjoy unrestricted use from November 1 to April 15. The unit generated $13,392 in gross rental income for the 2024 season, plus an additional $2,500 from winter rentals. Showings must be scheduled between guest stays, as the motel is in full operation. Don’t miss this opportunity to own a piece of Ocean City history with excellent rental potential and a prime location!
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Listing Courtesy: Compass New Jersey-Ocean City (O463E) - 609-322-7390
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Market statistics compiled from data from South Jersey Shore Regional MLS.
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$139,900
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EXIT HOMESTEAD REALTY PROFESSIONALS
1070 E. Chestnut Ave, Vineland, NJ 08360