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$ 1,795,000
Est. payment | /mo
5 Beds
3 Baths
1,700 SqFt
$ 1,795,000
Est. payment | /mo
5 Beds
3 Baths
1,700 SqFt
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $1,055
MLS Listing ID 604878
Style Duplex
Bedrooms 5
Full Baths 3
Annual Tax Amount $7,313
Tax Year 2024
Lot Size 1,700 Sqft
Property Sub-Type Condo
Property Description
Consistently producing $115,000+ in annual rental income (2024: $124,000)—this is a true turnkey investment for the savvy buyer looking for a well-oiled rental machine. Already over $109,000 on the books for 2026! This beautiful second-floor (top-floor) property is ideally located at the corner of 9th & Wesley Avenue in the heart of Ocean City, NJ, just a short walk to the beach, boardwalk, and downtown. Offering 5BR/3BA and over 1,700 sq ft on the main living level, plus an additional 300+ sq ft entry-level recreation area—perfect for extra lounging and entertaining. A private elevator (serving the 2nd-floor unit only) provides added convenience and handicap-friendly access, with no steps once inside the unit. The layout is designed for comfort and groups with two primary suites (King & Queen), an additional Queen bedroom with balcony, plus two bedrooms with full-over-full bunk beds. The entry level features a full-size futon and a TV/foosball/game room. Enjoy a 55” TV in the family room, a 50” TV in the game room, and TVs in every bedroom. Outdoor living shines with a canopy-covered front deck off the living area (canopy removed in winter months), added privacy/sun shade on the north side of the awning, a rear deck off the primary, and a balcony off Bedroom 5. Additional highlights include keyless entry and off-street parking for 3 cars (1 garage + 2 driveway). Just minutes to the 9th Street beach/boardwalk, the Music Pier, and all the shopping and dining along Asbury Avenue. Schedule your private tour today!!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Corner,Boardwalk Area
Interior
Heating Forced Air
Fireplaces Type Built-In, Gas Log, Living Room
Exterior
Exterior Feature Brick Face, Vinyl
Parking Features Two Car
Building
Story Three to Five
Unit Location Top Floor
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by REALTY MARK ADVANTAGE
Nearby Locations
Scott Zielinski
Team Leader - Realtor® Associate | License ID: 1645364
+1(856) 264-8671 | scott@zhomesrealestate.com