840 Ocean Ave #42 new 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 596789
Style Converted Motel
Full Baths 1
Annual Tax Amount $696
Tax Year 2024
Property Sub-Type Condo
Property Description
Welcome to Sifting Sands, one of Ocean City's last remaining iconic center-city motels, operating every summer since 1964. This updated and fully furnished condotel unit is ideally located at 9th & Ocean Avenue—just steps from the boardwalk, beaches, shopping, and dining. The unit comfortably sleeps four and features a galley kitchen and one deeded parking space. Sifting Sands is now a pet-friendly establishment, making it even more attractive for owners and renters alike. The condo fee covers a wide range of amenities, including water, sewer, flood and hazard insurance, hot water, cable, Wi-Fi, trash service, common area maintenance, professional management, and access to the onsite pool. Owners may reserve up to 14 personal-use days during the summer rental season, and enjoy unrestricted use from November 1 to April 15. The unit generated $13,392 in gross rental income for the 2024 season, plus an additional $2,500 from winter rentals. Showings must be scheduled between guest stays, as the motel is in full operation. Don't miss this opportunity to own a piece of Ocean City history with excellent rental potential and a prime location!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Interior
Heating Electric,Space/Wall/Floor
Exterior
Exterior Feature Concrete,Masonry/Block,Steel,Stone
Parking Features None
Building
Story Two
Sewer Public Sewer
Water Public Water