840 Ocean Avenue, Unit 14
840 Ocean Avenue, Unit 14
$179,900
1
1
222
222
$810
Description
Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and...Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). Very few properties in ocean city can compete with this. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Portfolio "Condo-Tel" financing currently available with 25-30% down. 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). After all expenses, nets about $8-$9,000 without a mortgage. Typically a 5-6% return.
- Listed by JESSE BRIGLIA • Fox Real Estate-Ocean
Property Details for 840 Ocean Avenue, Unit 14
City/Community
Ocean City
ClassCONDOMINIUM
Parking - ExteriorSee Remarks
Waterfront (Y/N)No
ZonedHZ
Location
LISTING UPDATED: 05/18/2024 10:04 AM
Property Details for 840 Ocean Avenue, Unit 14
Status | Active |
---|---|
MLS # | 585326 |
Days on Market | 16 |
Taxes | $713 / year |
HOA Fees | $350 |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | CONDOMINIUM / Condo |
Year Built | - |
County | Cape May County |
Location
Building Information for 840 Ocean Avenue, Unit 14
Building/ComplexSifting SandsFloor-Stories2Residences-Pet Policy-Year Built-
Payment Calculator
$1,391 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 840 Ocean Avenue, Unit 14
Property History for 840 Ocean Avenue, Unit 14
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 840 Ocean Avenue, Unit 14
Taxable ValueLand$42,200Additions$24,400Total$66,600
Tax Record2022$685 ($57 / month)
Home Facts
Beds0Total Finished SqFt222 SqFtAbove Grade Finished SqFt222 SqFtStories1Lot Size540 SqFtStyleCondominiumYear Built1961CountyCAPE MAYAPN08 00804-0000-00017-0000-C14
Schools near 840 Ocean Avenue, Unit 14
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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