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Residential > Condo
Active
05/18/2024
List Price
$199,900

840 Ocean Ave 47
Ocean City, NJ 08226

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  • 840 Ocean Ave 47, Ocean City, NJ 08226 is a 1 bed, 1 bath, 327 ft² condo built in 1961 on a 0.012 acre lot. This condo is currently listed for $199,900, and it was last sold in 2004 for $200,000. The latest TopHap estimate of the condo's value is $178,100.

    Property Valuations

    Latest estimates for 840 Ocean Ave 47 based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    Unit #47 @ The "Sifting Sands" Condo/Motel. This is a 2nd floor corner unit, it sleeps 6 people, and is one of the largest and highest grossing floorplans in the building. (2023 = $23,285.64). 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 & converted to condo/motel ownership in 2004. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15 - Oct) guarantees "hands off & hassle free" income. Building open year 'round. Block off some personal usage between rentals in the summer (14 days max) and off season (Nov 1 - April 15) there are no usage restrictions - available for your use or rent by owner at your pleasure off-season. 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, 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. Take a real good look.....where else in OC can you get an apartment that sleeps 6 with a pool this close to the ocean and boardwalk at this price? Call Listing Agent for details & questions regarding personal usage & the Rental Program. The Motel is in full operation, so all showings have to be in-between Guests. Note: Financing is available thru portfolio "condo-tel" lenders with 25-30% down.

    Listing Agents

    The listing agent for 840 Ocean Ave 47 is JESSE BRIGLIA.

    Current Ownership

    Information about the current owner(s).

    Property History

    840 Ocean Ave 47 has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

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    School Information

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    Neighborhood

    This property is located in Ocean City, Ocean City, NJ 08226.

    Market Trends

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    Copyright © 2024 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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