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Yvonne Kuhn

Yvonne Kuhn 717-269-7813 609-399-0076

3160 Asbury Avenue, Ocean City

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For Sale 840 Ocean, 38, Ocean City, NJ, 08226

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840 Ocean, 38, Ocean City, NJ, 08226

$149,900

Yvonne Kuhn
  • Buyer Agent Compensation: N/A
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Unit #38 @ The \"Sifting Sands\" Condo/Motel. 100% renovated 2024, all new interior. New \"All-in-One\" Kitchen, micro, frig/freezer, paint, window blinds, wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Flooring and Furniture. Sale inc. all-pots, pans, kitchen supplies. Maintenance-free ownership. Sifting Sands has been one of Ocean City\'s last-operating \"Iconic\" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in \'04. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April15-Oct 30) guarantees \"hands off & hassle free\" income. 2nd floor location. Building open year \'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you\'d like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($600/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Financing on this condo-tel property is unavailable as it does not qualify @236 sq.ft. to meet the minimum 300 square feet lending requirement. Cash or an alternate lending source such as a HELOC loan will be required to purchase .2023 Gross Income was $12,143. 2024 Gross Income was $16,639.35 (both years show summer income only, excludes winter rentals).

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 2
Full Bath 1
# of Stories Two
Year Build
Lot Size
Tax 854.00
SQFT
ExteriorMasonry/Block, Stucco
InteriorFeaturesPets Allowed
CoolingWall Units
SewerPublic Sewer
Bedrooms 1
Half Bath 0
# of Stories Two
Lot Dimensions
# Units
Tax Year 2024
Area Ocean City/Central
ParkingGarageNone
HeatingSpace/Wall/Floor
WaterPublic Water
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