1318 Ocean Ave. #1318 Active Save Request In-Person Tour Request Virtual Tour
Ocean City,NJ 08226
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596578
Bedrooms 2
Full Baths 1
Year Built 2002
Annual Tax Amount $3,828
Tax Year 2024
Property Sub-Type Condo
Property Description
Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don't miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do close to $60,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces—a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast's most popular resort destinations, "America's Greatest Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove's sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It's a rare chance to to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Rooms
Other Rooms Den/TV Room,Dining Room,Laundry/Utility Room
Interior
Heating Forced Air,Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Building
Story Three to Five
Sewer Public Sewer
Water Public Water
Others
Virtual Tour https://youtu.be/3cY2K0-BqWM?si=8_Qm6XxFVCLPDSuG