840 Ocean Unit 47
Ocean City, NJ 08226
- 1 bed
- 1 bath
- – sqft
Unit #47 @ The "Sifting Sands" Condo/Motel. This is a 2nd floor corner unit, it sleeps 6 people, and is one of the largest and highest grossing floorplans in the building. (2023 = $23,285.64). 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 & converted to condo/motel ownership in 2004. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15 - Oct) guarantees "hands off & hassle free" income. Building open year 'round. Block off some personal usage between rentals in the summer (14 days max) and off season (Nov 1 - April 15) there are no usage restrictions - available for your use or rent by owner at your pleasure off-season. 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, bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Take a real good look.....where else in OC can you get an apartment that sleeps 6 with a pool this close to the ocean and boardwalk at this price? Call Listing Agent for details & questions regarding personal usage & the Rental Program. The Motel is in full operation, so all showings have to be in-between Guests. Note: Financing is available thru portfolio "condo-tel" lenders with 25-30% down.
Listing courtesy of SJSRMLS / Fox Real Estate-Ocean
Last checked:
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Last updated Jun 12, 2024
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MLS# 585328 —
The Building
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New Construction:yes
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Style:converted motel
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Siding/Exterior:concrete, masonry/block, steel
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Unit Location:first floor
Interior
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Included:blinds, furnished
Location
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Latitude:39.277552
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Longitude:-74.573525
The Property
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Location:corner, boardwalk area
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Block #:804
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Lot #:17-C47
Listing Agent
- Contact info:
- Agent phone:
- (609) 442-9840
- Office phone:
- (609) 399-5377
Heating & Cooling
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Heating:baseboard, electric
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Air Conditioning:electric, wall unit(s)
Utilities
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Water:public water
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Water Heater:gas
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Sewer:public sewer
Appliances
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Appliances:electric stove, microwave, refrigerator
The Community
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Adult Community/55+:No
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Common Area Features:cable TV , deck/porch, laundromat on site, outside shower, pool
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Pets:none allowed
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Pets Allowed:Two
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Association Fee Includes:amenities, insurance, maintenance, management, sewer, trash, water, Hot Water, Cable, Pool
Parking
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Parking Exterior:See Remarks
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Garage:One Car
Monthly cost estimate
Asking price
$199,900
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,070
|
Taxes | $75 |
Insurance | $54 |
Utilities | N/A |
Total | $1,199/mo.* |
*This is an estimate |
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/18/24
May 18, 2024
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Listed / Active | SJSRMLS | $199,900 |