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$ 215,000
Est. payment | /mo
1 Bath
$ 215,000
Est. payment | /mo
1 Bath
Key Details
Property Type Condo
Sub Type Condo
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 602512
Full Baths 1
HOA Fees $400/mo
Annual Tax Amount $616
Tax Year 2024
Property Sub-Type Condo
Property Description
Spacious and fully furnished, this Hanscom studio on the beach block in Ocean City offers ocean views and strong rental income, with vacationers returning year after year. Generating over $27,000 in gross income in both 2024 and 2025, it's one of the building's most profitable rentals. Inside, the unit features a full bathroom with a walk-in shower and cabinets for added storage, kitchenette, dining area, a storage closet, and a new AC unit. A low HOA fee adds convenience by covering utilities, building amenities and maintenance, insurance, and WiFi, with electric as the only separate expense. This is a cash-only purchase, as financing is not available in the building. With its prime location near Sundae's Ice Cream Shop, bike rentals, the OC Waterpark, shopping, dining, and all the boardwalk activities, this studio is a standout choice for anyone looking to secure a strong rental property or second home in Ocean City.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,Water View
Rooms
Other Rooms Dining Area
Interior
Heating Baseboard, Electric
Exterior
Parking Features None
Building
Story Six to Ten
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by BHHS FOX and ROACH-109 34th OC
Nearby Locations
Scott Zielinski
Team Leader - Realtor® Associate | License ID: 1645364
+1(856) 264-8671 | scott@zhomesrealestate.com