840 Ocean Ave, Ocean City, NJ 08226 | The Real Estate Book® | The Real Estate Book

Apt #27, 840 Ocean Ave
Ocean City, NJ 08226

$119,900

Status Active
Listing Common Interest
Style Other
Year Built N/A
MLS® 538251
Original Listing Open Link
Common Interest For Sale
1 bed
1 bathroom

Property Features
Multiple Units Offered: Unit #27 = $119,900, Unit #12 = $124,900, Unit #23 = $129,900 Investor's Alert - Also offering a DISCOUNTED Package Deal. All Three Remaining Units being sold (#12, #23, #27) - all at once at the discounted price of $100,000 each. NOTE: Unit #7 (formerly part of this multi-unit offering) just sold 5/27/21 for $118,000). These are Efficiency & 1BR, 1BA units. Gross Rents Collected 2019 = $36,320.83. Net Rents (no mortgages on units) = AFTER all expenses including Rental Program Expenses = $19,785.00, a return on $300K cash invested of +6.6%. Building has on-site rental program, heated pool, fantastic 9th & Ocean Avenue location. COVID 2020 SUMMER UPDATE: Gross Rents Collected (3 units) 2020 Summer (COVID Summer - opened 6/1/20 and closed 9/30/20 + Winter 20-21 Rental) = $27,560. Net Rents 2020 = $11,561.00 (after all ownership and operational expenses (no mortgage) including rental program). +3.5% return. See Associated Docs for more info.
Key Features
Beds 1
Full Baths 1
House Size 275 Sq. Ft.
Property Type Common Interest
Style Other
Stories 2.0
Interior Features
Total Sq. Ft. 275 Sq. Ft.
Heating Baseboard
Cooling Wall Unit(s) A/C
Exterior Features
Pool Yes
Roof Unknown
The Neighborhood
County Cape May

Disclaimer: Copyright © 2021 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
JESSE BRIGLIA
Listing Agent
JESSE BRIGLIA
Fox Real Estate-Ocean
Direct: 609-442-9840
Broker: 609-399-5377
By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed or use prerecorded and artificial voice), and email, from TREB.com and real estate professionals and their network of service providers about your inquiry and other home-related matters. Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.
JESSE BRIGLIA
Listing Agent
JESSE BRIGLIA
Fox Real Estate-Ocean
Direct: 609-442-9840
Broker: 609-399-5377
Get Connected
By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed or use prerecorded and artificial voice), and email, from TREB.com and real estate professionals and their network of service providers about your inquiry and other home-related matters. Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.
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Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.