• Asking Price $599,900
  • Estimated Value: $363,600

  • 900 WESLEY AVE #101 OCEAN CITY, NJ 08226

  • 2 Beds 2 Baths 812 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 900 WESLEY AVE #101, OCEAN CITY, NJ 08226

Features

  • Price/sqft: $738
  • Lot Size: 24002 sq. ft.
  • Total Units: 1
  • Total Rooms: 6
  • Room List: Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Laundry, Utility Room
  • Stories: 100
  • Heating: Space Heater
  • Construction Type: Concrete Block
  • Exterior Walls: Concrete Block

Facts

  • Property ID: 879191710
  • MLS Number: 582123
  • Parcel Number: 08 00903-0000-00015-0000-C101
  • Property Type: Townhouse or Condo
  • County: CAPE MAY
  • Legal Description: ADDITIONAL LOTS: OB903 L744
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. #101 Sun Beach Condo - 2BR, 2BA residential condo (812 sq.ft. +/-) with heated pool. Sleeps 8. Huge 2nd BR with two queen beds. Master BR with king bed plus full sleep-sofa (Flexsteel) pull-out in LR. Split floorplan has bedrooms on opposite sides of the apartment for added privacy. This building has no front desk and no rental restrictions. Most of the 38 residential units are used as 2nd home vacation get-aways. Use the property as a 2nd home or rent it - use local Realtors, or do it yourself via VRBO, AirBB or others. Currently it's a rental property. Consistently grosses $48,000-$55,000+ every year. Read the Guest Reviews Below! Center City location puts everything a few short blocks away...EZ walking distance to the Beach and the Boardwalk and the shopping on Asbury Avenue. Granite countertops in the kitchen, breakfast bar, dining booth and in both baths. Upgraded wood cabinets in kitchen & baths. In-unit washer/dryer (all others use coin-op common laundry). Complex has heated pool, BBQ area, storage and spacious upper sundeck with loungers, tables & chairs. Sold Fully Furnished & equipped as is. Condo fee includes hot water, TV Cable & Wifi, flood/fire insurance, exterior maintenance. One car parking off-site. Check Associated Docs for lots more info. INVESTORS! Please check out the attached Investment Property Analysis. This property has a multi-year stable rental track record. With 20% down at 7%, 30 years, the property has an after tax (24% Tax Bracket) POSITIVE CASH FLOW starting at year ONE! Try to find that with other properties you are considering!

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Property Brokerage: JESSE REAL ESTATE 900 OCEAN AVENUE OCEAN CITY NJ 8226
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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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