840 Ocean 45, Ocean City, NJ 08226
Cape May County
Key Facts
Description
Turnkey Investment Opportunity & Personal Getaway! Fully furnished, newly remodeled and decorated one-bedroom condo features a charming coastal theme. Looking for a profitable investment and personal use! Ideally located just two blocks from the beach, boardwalk, shopping, dining, and entertainment! Owners are allowed pets. This property is an excellent income producer with on-site management during summer season, making it effortless to generate revenue. Owners reserve 21-days for personal use during summer season, and unlimited personal use off-season. On-site summer rental program allows hassle free management and income. Owner decides if prefer to allow pets during summer rental season, at extra fee to renters, allowing additional income. Income for units during summer rental season known to gross $13-17,000+. Off season (Nov 1-April 15), is non-restricted opportunity to use yourself or known to rent for additional income of $4,200+. Property Highlights: • Fully furnished, move-in ready • Strong rental income • On-site summer rental management includes following amenities: • Pool with finished sun deck and gas grill • Guaranteed parking space • Beach tags on loan for tenants • On-site cleaning services • Laundry facilities on-site
Property Information
Property Type
Residential
Sub-Type
Condominium
Garage Spaces
1
Days on Market
96
MLS® Listing#
605211
Property Features
Appliances
Cooling
Heating
Community
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$941
Affordability Calculator
$39,800
Estimated monthly payment
$1,059/mo
Principal $159,200 · Est. interest $222,098 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ocean City, NJ
- $618,627
- Median Listing Price
- 49
- Median Days on Market
- 1,398
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,269
- Active Listings
- This home’s price is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ocean City, NJ.
Location
Points of Interest in Ocean City, NJ
Showing the Ocean City area map.
Nearby Schools
Ocean City High School
Secondary · 0.4 mi away
Ocean City Primary School
Elementary · 0.4 mi away
Ocean City Public Schools
School · 1.1 mi away
Ocean City Intermediate School
Secondary · 1.1 mi away
Saint Joseph Regional School
School · 2.9 mi away
Somers Point School District
Elementary · 2.9 mi away
Somers Point Board-Education
School · 2.9 mi away
Dawes Avenue School
Elementary · 3.3 mi away
Jordan Road School
Secondary · 3.4 mi away
Chartertech High School
Secondary · 3.7 mi away
Linwood Nursery School
School · 3.9 mi away
Trinity Nursery School
Elementary · 4.0 mi away
Upper Township Elementary School
Elementary · 4.0 mi away
Seaview Elementary School
Elementary · 4.0 mi away
Mainland Assembly of God
School · 4.0 mi away
Linwood Public Schools
Secondary · 4.4 mi away
Union Avenue Elementary School
Elementary · 4.7 mi away
Mainland Regional High School
Secondary · 4.7 mi away
William H Ross School
Elementary · 5.3 mi away
Margate City School District
Secondary · 5.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 600 Pacific B102, Atlantic City, NJ | $139,900 | 1 | — | 705 |
| 515 CORSON TAVERN D-22, OCEAN VIEW, NJ | $140,000 | 4 | 1 | 500 |
| 2834 Atlantic 1104, Atlantic City, NJ | $140,000 | 2 | — | — |
| 2834 Atlantic 1005, Atlantic City, NJ | $145,000 | 2 | — | 867 |
| 191 W 24Th St D5, Bayonne City, NJ | $145,000 | 3 | 1 | — |
| 37 S IOWA AVENUE 5B, ATLANTIC CITY, NJ | $148,000 | 2 | 2 | 1,061 |
Moving Cost Estimate
EXIT Agents in Ocean City
Listing Courtesy: CENTURY 21 ALLIANCE-O1O4J