1048 Asbury Ave

Ocean City, NJ
$ 1,325,000 Beds 0 Baths 5
Monthly Estimate* How much can I afford?

Six unit building (1 store and 5 residential units) in Prime Downtown Ocean City. This building has been almost 100% renovated since 2013. These exterior renovations include a new foundation, windows, doors, siding (in some areas), fiberglass deck, railings and separate electric meters. Additionally the store and four of the five residential units have been gutted down to the studs. The four renovated residential units have new kitchens, bathrooms, electric, plumbing, insulation, doors and flooring. This building is scheduled to generate $6,225 per month or $74,700 in 2021.

Commercial

  • Price
  • $ 1,325,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 5
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 5676
  • County
  • CAPE MAY
  • Style
  • Comm. w/Apartments
  • Area
  • Ocean City-Central
  • MLS#
  • 548205
  • Zip
  • 08226
Listing Provided by: MARR AGENCY
Data Source: South Jersey Shore Regional MLS

Features

General

Class COMMERCIAL/INDUSTRIAL
Flooring Carpet-Partial, Concrete, Linoleum/Vinyl
Heating Baseboard, Electric, Forced Air, Gas-Natural
Listing Area Ocean City/Central
Parking None
Roof Asphalt
Sewer Public Sewer
Status Active
Status Active
Style Comm. w/Apartments
Tax Year 2020
Taxes 5676
Unit/bldg. # 1048
Water Public
Year Built 1920

Interior Features

# of Units 6
Air Conditioning Central, Multi-Zoned, Window Units
Basement Slab
Hot Water Electric
Interior Features Display Windows, Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
Specialty Rooms Retail Store, Utility Room
Stories 4

Exterior Features

Exterior Features Security Light/System
Exterior/Siding Asbestos, Block, Masonry, Stone, Vinyl
Lot Dimensions 30' X 100'
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% 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

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/12/2021 Listed $1,400,000
4/1/2021 6% - $1,325,000

Property vs Zip Code Average in 08226

Price
AVG $1.1M
$1.33M
Taxes
AVG $4,665
$5,676
Visits
AVG 31
25
Year Built
AVG 1967
1920
Walkscore
AVG 68
83
Data Provided by Walkscore ® not using MLS data

Map

1048 Asbury Ave Ocean City, NJ is a Single Family Home for sale at $1325000 and a lot size of Acre(s). 1048 Asbury Ave Ocean City has 0 bedrooms, 5 baths and was built in 1920. 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 3.25% 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.