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840 Ocean Ave 14, Ocean City, NJ 08226

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For Sale

$179,900

1 beds • 1 baths • 222 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Condominium
    Property type

  • $810.36
    Price per square foot

  • New Construction
    Age

  • Pool
    Amenities

Explore this Property

Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Portfolio "Condo-Tel" financing currently available with 25-30% down. 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). After all expenses, nets about $8-$9,000 without a mortgage. Typically a 5-6% return.
MLS# 585326

Courtesy Of JESSE REAL ESTATE

(609) 399-5377

Property Features

  • Age
    New Construction
  • Amenities
    Deck, Porch, Pool, Cable Ready
  • Appliances
    Microwave, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Wall Unit(s) A/C
  • Exterior Type
    Block, Concrete Block, Masonry
  • Heating Fuel
    Electric
  • Heating System
    Baseboard
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 840 Ocean Ave 14, Ocean City, NJ 08226

Home seller CENTURY 21 Alliance

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alliance

(609) 399-5711
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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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