Skip To Content

840 Ocean , #45

Ocean City, NJ 08226
  • $149,900
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 586881
New On Site 5 Days Ago
UPDATED: 125 min ago
$149,900
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Condo
County:

School Ratings & Info

Description

Unit #45 @ The "Sifting Sands" Condo/Motel. A Center-City Landmark - Superb 60 year rental history. This unit has a newly remodeled interior. Has whirlpool tub in bath (rare). Sale inc. all furniture, pots, pans, kitchen supplies, electronics....complete. 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. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Preferred 2nd floor location. Building open year 'round. SIFTING SANDS IS NOW A PET FRIENDLY ESTABLISHMENT. 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 for "Condo-Tel" properties is very limited. Cash purchase or home HELOC financing may be required. 2023 Income was $15,435.61 ($11,235.61 summer, $4,200 winter). After all expenses, nets about $8,000 without a mortgage. Typically a 5-6% return.

Monthly Payment Calculator



© 2024 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 2024-07-14T17:50:07.16.
www.oceancitynewjerseyhomes.com/homes/152385104
Print Image

840 Ocean , #45 Ocean City, NJ 08226

  • Price: $149,900
  • Status: Active
  • On Site: 5 Days
  • Updated: 125 min ago
  • MLS #: 586881
1
Beds
1
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Sifting Sands
County:
Cape May
Area:
Ocean City/Central
Property Description
Unit #45 @ The "Sifting Sands" Condo/Motel. A Center-City Landmark - Superb 60 year rental history. This unit has a newly remodeled interior. Has whirlpool tub in bath (rare). Sale inc. all furniture, pots, pans, kitchen supplies, electronics....complete. 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. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Preferred 2nd floor location. Building open year 'round. SIFTING SANDS IS NOW A PET FRIENDLY ESTABLISHMENT. 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 for "Condo-Tel" properties is very limited. Cash purchase or home HELOC financing may be required. 2023 Income was $15,435.61 ($11,235.61 summer, $4,200 winter). After all expenses, nets about $8,000 without a mortgage. Typically a 5-6% return.
Exterior Features

Garage One Car Location CornerBoardwalk Area Parking See Remarks Siding Exterior ConcreteMasonry/BlockSteel Stories In Building Two Style Converted Motel Unit Location First Floor Waterfront YN No

Interior Features

Air Conditioning ElectricWall Units Also Includes BlindsFurnished Appliances Electric StoveMicrowaveRefrigerator Heating BaseboardElectric Levels In Unit Two Rooms 2 Water Heater Gas

Property Features

Adult Community /55+ No Approved Short Sale N/A Assoc Fee Includes AmenitiesInsuranceMaintenanceManagementSewerTrashWaterHot WaterCablePool Auction YN No Bank Owned Foreclosure No Common Area Features Cable TVDeck/PorchLaundromat On SiteOutside ShowerPool Condo Type Condo Lot Number 17-C14 Management AssociationOn-Site ProfessionalsSee Remarks May Be Subject To Third Party Approval Short Sale No New Construction Yes Pets Yes Sale Or Rent For Sale Sewer Public Sewer Tax Year 2024 Taxes 899 Water Public Water

South Jersey Shore Regional MLS logo Listing information © 2024 South Jersey Shore Regional MLS.
Listing provided courtesy of Fox Real Estate-Ocean: .


© 2024 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 2024-07-14T17:50:07.16.
 
https://bt-photos.global.ssl.fastly.net/sjersey/1280_boomver_1_586881-2.jpg https://bt-photos.global.ssl.fastly.net/sjersey/1280_boomver_1_586881-2.jpg https://bt-photos.global.ssl.fastly.net/sjersey/1280_boomver_1_586881-2.jpg
Logo
The Cheryl Huber Team
109 34th St
Ocean City NJ, 08226