1420-22 Central Avenue

Ocean City, NJ 08226

$1,995,000
Price
Beds
Baths
4,500 Sq. Ft.
$443 / Sq. Ft.
4,500
Sq. Ft.
$443
per Sq. Ft.

Description

Great investor opportunity! Centrally located apartment building with 8 apartments in the heart of Ocean City! 1420 Central (5 apartments): 1st floor front: 1 bedroom 1 bath - 85% complete, 1st floor rear: Efficiency - 100% complete, 2nd floor: 2 bedroom 1 bath - renovations completed, 3rd floor: 1 bedroom 1 bath - 100% complete, 4th floor: 1 bedroom 1 bath + loft 75% complete. 1422 Central (3 apartments): 1st floor: 2 bedroom 1 bath - renovations completed, 2nd/3rd floor: 4 bedroom 2 bath - renovations...Great investor opportunity! Centrally located apartment building with 8 apartments in the heart of Ocean City! 1420 Central (5 apartments): 1st floor front: 1 bedroom 1 bath - 85% complete, 1st floor rear: Efficiency - 100% complete, 2nd floor: 2 bedroom 1 bath - renovations completed, 3rd floor: 1 bedroom 1 bath - 100% complete, 4th floor: 1 bedroom 1 bath + loft 75% complete. 1422 Central (3 apartments): 1st floor: 2 bedroom 1 bath - renovations completed, 2nd/3rd floor: 4 bedroom 2 bath - renovations completed, 4th floor: 2 bedroom 1 bath - 85% complete. 40 x 100 lot size. Being sold in "as is" condition! Great Rental Potential! Great Location! Great Value! See you on the Beach!
  1. Listed by MICHAEL G CONTINO • BHHS FOX and ROACH-Simpson OC

Property Details for 1420-22 Central Avenue

City/Community
Ocean City
Class
MULTI-FAMILY
Parking - Exterior
Parking Pad, Three or More Cars
Waterfront (Y/N)
No
LISTING UPDATED: 03/06/2025 01:33 PM

Property Details for 1420-22 Central Avenue

StatusUnder Contract
MLS #589450
Days on Market154
Taxes$7,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1920
Lot Size40.00 AC / 1,742,400 SF
CountyCape May County

Building Information for 1420-22 Central Avenue

Stories-Residences8Year Built1920Building Size-Lot Size40.00 AC / 1,742,400 SF

Property Information for 1420-22 Central Avenue

Summary
Location and General Information
  • Address: 1420-22 Central Ave
  • Address Number: 1420-22
  • Address Search Number: 1420
  • Address Street: Central
  • Area: Ocean City/Central
  • County: Cape May
  • Directions: 14th & Central bay side
  • Fips Code: 34009
  • Location: See Remarks, Boardwalk Area
  • State: NJ
  • Street Designation: Ave
  • Zip: 08226
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 09-26-2024
  • Tax Year: 2023
  • Taxes: 7000
Property
Lot Information
  • Approved Short Sale?: No
  • Approx SQFT: 4500
  • Block #: 1404
  • Lot #: 21-22
  • Lot Dimensions: 40 X 100
Property and Assessments
  • Age: 25+ Years
  • Also Includes: Blinds, Partially Furnished, See Remarks
  • Associated Document Count: 2
  • Doc Timestamp: 09-26-2024
  • New Construction: No
  • Total Assessment: 6750000
  • Water: Public
  • Year Built: 1920
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Driveway: Stone
  • Outside Features: Curbs, Deck, Sidewalks
  • Siding/Exterior: Vinyl
  • Storms/Screens: Insulated Glass, Screens
Interior Features
  • Air Conditioning: Window Units
  • Appliances: Disposal, Dishwasher, Gas Stove, Refrigerator, Self Cleaning Oven
  • Basement: Slab
  • Heating: Baseboard, Gas-Natural, Hot Water, Multi-Zoned, See Remarks
  • Other Rooms: Dining Area, Dining Room, Great Room, Kitchen, Laundry/Utility Rm, Living Room, Storage Attic
Multi Family
Multi-Family Information
  • Annual Taxes: 7000
  • Limited Service (Y/N): No
  • Number Of Units: 8
  • Owner Occupied (Y/N): No
  • Rental Information: See Remarks
  • Separate Meters: Cable TV, Electric
  • Suitable For: Multi Family + Rooms, Other (See Remarks)

Property History for 1420-22 Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1420-22 Central 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.

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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 BHHS FOX and ROACH-Simpson OC

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.