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1140-42 Simpson Ave

Ocean City, NJ 08226
  • $1,650,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 597104
UPDATED: 15 min ago
$1,650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Fully Renovated Multi-Family Property with Excellent Income Potential Exceptional investment opportunity! This completely renovated multi-family building features three residential units, one commercial unit, and two separate one-car garages. The property consists of two duplexes connected by a breezeway, offering versatile use and strong rental income. The northside duplex includes a 1-bedroom, 1-bath unit with an attached garage on the first floor, and a 2-bedroom, 1-bath unit on the second floor. The southside duplex features a ground-level commercial space with a private office, full bath, kitchenette, and an attached 1-car garage that is ideal for a small business or professional office plus a 3 bedroom 2 Bathroom on the 2nd Floor. Every unit has been tastefully renovated with brand-new kitchens, bathrooms, flooring, and appliances, and is being sold fully furnished and equipped. Major upgrades include all new heating, central air, plumbing, electric, roof, and siding which will provide peace of mind and reduced maintenance costs. Whether you're an investor looking for strong cash flow or a buyer seeking a live/rent opportunity, this turn-key property checks all the boxes.

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© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-06-18T20:50:10.647.
www.oceancitynewjerseyhomes.com/homes/164720146
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1140-42 Simpson Ave Ocean City, NJ 08226

  • Price: $1,650,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 15 min ago
  • MLS #: 597104
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Ocean City/Central
County:
Cape May
Area:
Ocean City/Central
Property Description
Fully Renovated Multi-Family Property with Excellent Income Potential Exceptional investment opportunity! This completely renovated multi-family building features three residential units, one commercial unit, and two separate one-car garages. The property consists of two duplexes connected by a breezeway, offering versatile use and strong rental income. The northside duplex includes a 1-bedroom, 1-bath unit with an attached garage on the first floor, and a 2-bedroom, 1-bath unit on the second floor. The southside duplex features a ground-level commercial space with a private office, full bath, kitchenette, and an attached 1-car garage that is ideal for a small business or professional office plus a 3 bedroom 2 Bathroom on the 2nd Floor. Every unit has been tastefully renovated with brand-new kitchens, bathrooms, flooring, and appliances, and is being sold fully furnished and equipped. Major upgrades include all new heating, central air, plumbing, electric, roof, and siding which will provide peace of mind and reduced maintenance costs. Whether you're an investor looking for strong cash flow or a buyer seeking a live/rent opportunity, this turn-key property checks all the boxes.
Exterior Features

Driveway Concrete Garage Attached GarageAuto Door Opener Location Corner Lot Dimensions 40 X 90 Outside Features CurbsDeckPorchShedSidewalks Parking Parking PadThree or More Cars Siding Exterior Masonry/BlockVinyl Waterfront YN No

Interior Features

Air Conditioning Ceiling Fan(s)Central Also Includes BlindsFurnished Appliances DisposalDishwasherDryerElectric StoveMicrowaveRefrigeratorSelf Cleaning OvenWasher Basement Slab Heating ElectricForced AirGas-NaturalHeat PumpMulti-Zoned Other Rooms Dining AreaEat In KitchenLaundry/Utility Rm

Property Features

Adult Community /55+ No Age Range 25+ Years Approved Short Sale N/A Auction YN No Bank Owned Foreclosure No Lot Number 33 May Be Subject To Third Party Approval Short Sale No Multifamily Type 4 - 10 Units New Construction No Number Of1 Bedroom Units 1 Number Of2 Bedroom Units 1 Number Of3 Bedroom Units 1 Rental Information SeasonalWeeklyYearly Sale Or Rent For Sale Sewer Public Sewer Tax Year 2024 Taxes 6273 Water Public

South Jersey Shore Regional MLS logo Listing information © 2025 South Jersey Shore Regional MLS.
Listing provided courtesy of Compass New Jersey-Ocean City: .


© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-06-18T20:50:10.647.
 
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The Cheryl Huber Team
109 34th St
Ocean City NJ, 08226