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    840 Ocean , #7-#12-#23-#27

    Ocean City, NJ 08226
    • $320,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 538251
    UPDATED: 79 min ago
    $320,000
    • 1
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Condo
    County:

    School Ratings & Info

    Description

    Investor's Alert - This is a DISCOUNTED Package Deal. Four Units being sold (#7, #12, #23, #27) - all at once at the discounted price of $80,000 each. (Average Sale Price Units These Sizes = $100,000 to $110,000). Gross Rents Collected 2019 = $48,804.14. Net Rents (no mortgages on units) = $25,863.60 after all expenses including Rental Program Expenses. Net "cash on cash" ROI at $320,000 purchase price = 8.07%. Building has on-site required rental program, heated pool, fantastic 9th & Ocean Avenue location. Units for sale individually (#7, #12, #27) at $115,000.

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    © 2020 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 Jersey Coastal Realty Group. 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 2020-09-22T23:50:15.077.
    www.jerseycoasthomes.com/homes/107052237
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    840 Ocean , #7-#12-#23-#27 Ocean City, NJ 08226

    • Price: $320,000
    • Status: Active
    • Updated: 79 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
    Investor's Alert - This is a DISCOUNTED Package Deal. Four Units being sold (#7, #12, #23, #27) - all at once at the discounted price of $80,000 each. (Average Sale Price Units These Sizes = $100,000 to $110,000). Gross Rents Collected 2019 = $48,804.14. Net Rents (no mortgages on units) = $25,863.60 after all expenses including Rental Program Expenses. Net "cash on cash" ROI at $320,000 purchase price = 8.07%. Building has on-site required rental program, heated pool, fantastic 9th & Ocean Avenue location. Units for sale individually (#7, #12, #27) at $115,000.
    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 Water Public Water

    Listing information © 2020 South Jersey Shore Regional MLS.
    Listing provided courtesy of Jesse Real Estate.


    © 2020 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 Jersey Coastal Realty Group. 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 2020-09-22T23:50:15.077.
     
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    Jersey Coastal Realty Group
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