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$ 150,000
Est. payment /mo
New
840 Ocean Ave #42 Ocean City, NJ 08226
1 Bath
UPDATED:
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
Location Details Corner,See Remarks
Interior
Heating Electric, Space/Wall/Floor
Exterior
Exterior Feature Concrete, Masonry/Block, Steel, Stone
Parking Features None
Building
Story Two
Unit Location Second Floor,Top Floor
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by Compass New Jersey-Ocean City