840 Ocean Unit 14
Ocean City, NJ 08226
- 1 bed
- 1 bath
- – sqft
RENTAL POWERHOUSE! 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). 2024 Income was $24,513.17 ($19,963.17 summer, $4,550 winter). After all expenses, this unit generates over $9,000, bringing in a solid 5% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished 2023, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for 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 (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st 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 ($500/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 @222 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.
Last checked:
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Checking…
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Last updated May 13, 2025
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MLS# 595730 —
The Building
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New Construction:yes
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Style:converted motel
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Unit Location:first floor
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Siding/Exterior:concrete, masonry/block, steel
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-C14
Listing Agent
- Contact info:
- 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:yes
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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
$179,900
| 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. |
$963
|
| Taxes | $62 |
| Insurance | $49 |
| Utilities | N/A |
| Total | $1,074/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
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Listed / Active | SJSRMLS | $179,900 |
