341 Central Ave

Ocean City, NJ
$ 899,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Rare opportunity in the Historic District for rehab! The Buyer will need to comply with all Historic Society Rules and Regulations for renovation. Built in 1916, this property has the possibility of 5 separate residences with all units metered separately, except for water. The 40x100 ft. lot (R-2-40 zone) being sold "as-is" has four one bedroom/one bath units and a three bedroom/one bath unit with two assigned parking spaces. Some improvements have been made including a new roof, siding on the main house, electric and some windows were replaced, to name a few. Perfect for a contractor or developer looking for untapped potential. Two units currently have month to month tenants. Buyer is responsible for any inspections, certificates or documents needed/required to close. NEEDS WORK! (See pictures.) Serious buyers for showings by appt only. Listing agent will attend all showings.

Multi-Family

  • Price
  • $ 899,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1916
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • County
  • CAPE MAY
  • Style
  • 4 - 10 Units
  • Area
  • Ocean City-Northend
  • MLS#
  • 549277
  • Zip
  • 08226
Listing Provided by: Fox Real Estate-Ocean
Data Source: South Jersey Shore Regional MLS

Features

General

Appliances Dishwasher, Electric Stove, Refrigerator
Basement Crawl Space
Class MULTI-FAMILY
Garage None
Heating Electric
Listing Area Ocean City/Northend
Location Historical District
Sewer Public Sewer
Status Active
Status Active
Tax Year 2020
Taxes 4293
Type 4 - 10 Units
Water Private
Water Heater Gas
Year Built 1916

Interior Features

# of Units 5
Other Rooms Laundry/Utility Rm

Exterior Features

Driveway Concrete
Exterior Asbestos, Vinyl
Lot Dimensions 40x100
Outside Features Needs Work, Patio, Porch, Shed, Sidewalks
Separate Meters Electric, Gas, Hot Water

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

4/9/2021 Listed $899,000

Property vs Zip Code Average in 08226

Price
AVG $1.76M
$900K
Visits
AVG 42
14
Year Built
AVG 1970
1916
Walkscore
AVG 53
65
Data Provided by Walkscore ® not using MLS data

Map

341 Central Ave Ocean City, NJ is a Single Family Home for sale at $899000 and a lot size of Acre(s). 341 Central Ave Ocean City has 0 bedrooms, 0 baths and was built in 1916. 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.