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For Sale 900 Wesley, #101, Ocean City, NJ, 08226

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900 Wesley, #101, Ocean City, NJ, 08226

$599,900

Kathy Errickson
  • Condo

  • 2

  • 2

#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!

Listing courtesy of: Fox Real Estate-Ocean
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms 7
Full Bath 2
# of Stories Two
Year Build
Lot Size
Tax 2667.00
SQFT
ExteriorConcrete, Masonry/Block, Stucco
OtherRoomsBreakfast Nook, Laundry/Utility Room, Primary BR on 1st floor
HeatingElectric, Space/Wall/Floor
WaterPublic Water
Bedrooms 2
Half Bath 0
# of Stories Two
Lot Dimensions
# Units
Tax Year 2023
Area Ocean City/Central
ParkingGarageNone
InteriorFeaturesFoyer, Master Bath
CoolingCeiling Fan(s), Electric, Wall Units
SewerPublic Sewer
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  • 5

  • 4.1

  • $3799900