Investor's Alert - This is a DISCOUNTED Package Deal. Four Units being sold (#7, #12, #23, #27) - all at once at the discounted price of $80,000 each. (Average Sale Price Units These Sizes = $100,000 to $110,000). Gross Rents Collected 2019 = $48,804.14. Net Rents (no mortgages on units) = $25,863.60 after all expenses including Rental Program Expenses. Net "cash on cash" ROI at $320,000 purchase price = 8.07%. Building has on-site required rental program, heated pool, fantastic 9th & Ocean Avenue location. Units for sale individually (#7, #12, #27) at $115,000. UPDATE: Gross Rents Collected 2020 Summer (COVID-19 Summer - opened 6/1/20 and closed 9/30/20 + Winter 20-21 Rental) = $37,285.86. Net Rents 2020 = $16,210.49 (after all expenses including rental program). See Associated Docs for more info.
Condos
- Price
- $ 320,000
- Lot Size
- Bedrooms
- 1
- Full Bathrooms
- 1
- Half Bathrooms
- 0
- City, Zip
- Ocean City
- Taxes
- 1
- County
- CAPE MAY
- Style
- Converted Motel
- Area
- Ocean City-Central
- MLS#
- 538251
- Zip
- 08226
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,068
Per MonthBased on the average sale price from the Villas, NJ office
- Monthly Principal & interest $1,939
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 4.38% 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. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Schools
Price History
Property vs Zip Code Average in 08226
Map
In The Neighborhood
In The Neighborhood
Areas That We Cover
- Avalon
- Avalon Boro
- Avalon Manor
- Beesleys Point
- Cape May
- Cape May Court House
- Cape May Point
- Clermont
- Cold Spring
- Dennis Township
- Dennisville
- Eldora
- Erma
- Goshen
- Green Creek
- Lower Township
- Marmora
- Marshallville
- Mayville
- Middle Township
- North Cape May
- North Wildwood
- Ocean City
- Ocean View
- Palermo
- Petersburg
- Rio Grande
- Sea Isle City
- Seaville
- South Dennis
- South Seaville
- Stone Harbor
- Strathmere
- Swainton
- Tuckahoe
- Upper Township
- Villas
- West Cape May
- West Wildwood
- Whitesboro
- Wildwood
- Wildwood Crest
- Woodbine
- Woodbine Borough
840 Ocean Ave Ocean City, NJ is a Single Family Home for sale at $320000 and a lot size of Acre(s). 840 Ocean Ave Ocean City has 1 bedrooms, 1 baths . The property's zip code is 08226 which is in Ocean City, NJ
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.