1305-07 Bay Avenue

Ocean City, NJ 08226

$1,349,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Wow! Updated, multi-unit investment property with (2) - 2 bedroom, 1 bath units and a large two car detached garage. Updates include new kitchens featuring shaker cabinets, quartz countertops, and stainless steel appliances, new air conditioning, newer roof, refinished hardwood floors, new fiberglass decks, vinyl railings, and exterior steps. Sitting on a larger 35x115 lot this property also has a great backyard perfect for hanging out after a long day on the beach! Located in the center/bay area...Wow! Updated, multi-unit investment property with (2) - 2 bedroom, 1 bath units and a large two car detached garage. Updates include new kitchens featuring shaker cabinets, quartz countertops, and stainless steel appliances, new air conditioning, newer roof, refinished hardwood floors, new fiberglass decks, vinyl railings, and exterior steps. Sitting on a larger 35x115 lot this property also has a great backyard perfect for hanging out after a long day on the beach! Located in the center/bay area of OCNJ this property is an easy walk to downtown Asbury and Ocean City’s famous beach and boardwalk. Whether you want to keep one unit for yourself and generate income renting out the other unit, rent both units for a maximum return on your investment, or keep both units for personal use, this property has a TON of options and potential. Don’t miss your opportunity to own this unique income producing property.
  1. Listed by JAMES MURRAY • Keller Williams Realty Jersey Shore-Ocean City

Property Details for 1305-07 Bay Avenue

City/Community
Ocean City
Class
MULTI-FAMILY
Parking - Exterior
One and Half Car
Waterfront (Y/N)
No
LISTING UPDATED: 10/18/2024 02:31 PM

Property Details for 1305-07 Bay Avenue

StatusActive
MLS #588781
Days on Market78
Taxes$4,047 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Duplex
Year Built-
Lot Size0.09 AC / 4,025 SF
CountyCape May County

Virtual Tour

Building Information for 1305-07 Bay Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.09 AC / 4,025 SF

Property Information for 1305-07 Bay Avenue

Summary
Location and General Information
  • Address: 1305-07 Bay Ave
  • Address Number: 1305-07
  • Address Search Number: 1305
  • Address Street: Bay
  • Area: Ocean City/Bay Area
  • County: Cape May
  • Directions: 9th Street bridge, right on bay ave, home is on the left side after crossing 13th street.
  • Fips Code: 34009
  • State: NJ
  • Street Designation: Ave
  • Zip: 08226
Parking
  • Garage: Two Car
Taxes and HOA Information
  • LVT Date: 09-06-2024
  • Tax Year: 2023
  • Taxes: 4047
Property
Lot Information
  • Approved Short Sale?: No
  • Block #: 1308
  • Lot #: 18
  • Lot Dimensions: 35x115
Property and Assessments
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Furnished
  • Associated Document Count: 0
  • New Construction: No
  • Total Assessment: 377900
  • Water: Public
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Outside Features: Outside Shower, Porch, Shed, Sidewalks, Sprinkler System
  • Siding/Exterior: Vinyl
Interior Features
  • Air Conditioning: Ceiling Fan(s), Wall Units
  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Heating: Electric, Forced Air
  • Other Rooms: Kitchen, Living Room
Multi Family
Multi-Family Information
  • # of 2 Bedroom Units: 2
  • Annual Taxes: $4,047
  • Available: Lease Information
  • Limited Service (Y/N): No
  • Number Of Units: 2
  • Owner Occupied (Y/N): No
  • Separate Meters: Electric
  • Suitable For: Condo Conversion

Property History for 1305-07 Bay Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1305-07 Bay Avenue

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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1305-07 Bay Avenue is a multi-family home for sale in Ocean City, NJ 08226. This property was listed for sale on September 6, 2024 by Keller Williams Realty Jersey Shore-Ocean City, it's currently listed at $1,349,000. This listing's school district is Ocean City School District. Nearby schools include Ocean City Primary School, Ocean City Intermediate School and Ocean City High School. 1305-07 Bay Avenue is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.