840 Ocean Ave #14, Ocean City, NJ 08226
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
840 Ocean Ave #14,Ocean City, NJ 08226
$179,900
- 1 Beds
- 1 Baths
- - sq. ft.
- Condominium
- Active
Listed by:jesse briglia
Office:fox real estate-ocean
MLS#:595730
Source:NJ_SJSRMLS
Price summary
- Price:$179,900
About this home
RENTAL POWERHOUSE! 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). 2024 Income was $24,513.17 ($19,963.17 summer, $4,550 winter). After all expenses, this unit generates over $9,000, bringing in a solid 5% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished 2023, 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. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! 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.
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Home facts
- Listing Id #:595730
- Added:453 day(s) ago
- Updated:August 05, 2025 at 03:28 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
Heating and cooling
- Cooling:Electric, Wall Units
- Heating:Baseboard, Electric
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$179,900
- Tax amount:$747 (2024)
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