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    900 Wesley , #101

    Ocean City, NJ 08226
    • $399,900
    • STATUS: Active
    • ON SITE: 138 days
    • MLS #: 547986
    UPDATED: 71 min ago
    $399,900
    • 2
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Condo
    County:

    School Ratings & Info

    Description

    2020 Rent income $36,612.36 net after commissions. Rents solid year after year. (2021 Has 21 weeks rented, over $37,445). This unit was completely gutted and remodeled. 2 short blocks to center of boardwalk and 9th/10th St. beaches. Perfect center city location, EVERYTHING within walking distance! Largest unit in building (@956 sq.ft.). 2BR, 2.BA that Sleeps EIGHT (8). Granite countertops and wood cabinets throughout. In-unit washer/dryer. BR's are on opposite sides of the apartment for extra privacy. Parking for 1 car (City owned Lot, rented annually @$800/yr. off-site). Complex has heated swimming pool, BBQ area and a large spacious sun deck. Condo Fee Includes wi-fi, cable, hot water. 39 unit condo building has a 25% +/- mix of owners that rent weekly or seasonally in the summer and 75% that don't rent at all. Check Associated Docs for P&L. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER. $100,000 Down, 4%, 30 year amortization, 5 year balloon. NOTE - After 5/1/21 all showings Saturdays only 11AM-2PM. This used to be the front rental office for the Sun Beach when the Sun Beach was a motel. Even though Sun Beach no longer operates as a motel, this is still considered a commercial property. It requires a commercial mortgage, a cash buyer or take advantage of the Seller financing. The seller will also buy down any rate differences between a commercial loan and a residential loan.

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    © 2021 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 2021-07-23T10:02:31.727.
    www.oceancitynewjerseyhomes.com/homes/114837182
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    900 Wesley , #101 Ocean City, NJ 08226

    • Price: $399,900
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 547986
    2
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Sun Beach
    County:
    Cape May
    Area:
    Ocean City/Central
    Property Description
    2020 Rent income $36,612.36 net after commissions. Rents solid year after year. (2021 Has 21 weeks rented, over $37,445). This unit was completely gutted and remodeled. 2 short blocks to center of boardwalk and 9th/10th St. beaches. Perfect center city location, EVERYTHING within walking distance! Largest unit in building (@956 sq.ft.). 2BR, 2.BA that Sleeps EIGHT (8). Granite countertops and wood cabinets throughout. In-unit washer/dryer. BR's are on opposite sides of the apartment for extra privacy. Parking for 1 car (City owned Lot, rented annually @$800/yr. off-site). Complex has heated swimming pool, BBQ area and a large spacious sun deck. Condo Fee Includes wi-fi, cable, hot water. 39 unit condo building has a 25% +/- mix of owners that rent weekly or seasonally in the summer and 75% that don't rent at all. Check Associated Docs for P&L. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER. $100,000 Down, 4%, 30 year amortization, 5 year balloon. NOTE - After 5/1/21 all showings Saturdays only 11AM-2PM. This used to be the front rental office for the Sun Beach when the Sun Beach was a motel. Even though Sun Beach no longer operates as a motel, this is still considered a commercial property. It requires a commercial mortgage, a cash buyer or take advantage of the Seller financing. The seller will also buy down any rate differences between a commercial loan and a residential loan.
    Exterior Features

    Garage None Location Corner Parking Off Site Parking Siding Exterior ConcreteMasonry/BlockStucco Stories In Building Two Unit Location End UnitFirst FloorPool View

    Interior Features

    Air Conditioning Ceiling Fan(S)ElectricWall Units Also Includes BlindsFurnished Appliances DishwasherDisposalDryerElectric StoveMicrowaveRefrigeratorSelf Cleaning OvenWasher Heating ElectricSpace/Wall/Floor Levels In Unit One Other Rooms Breakfast NookLaundry/Utility RoomMaster Br On 1st Floor Rooms 7 Unit Features FoyerMaster Bath

    Property Features

    Age Range 6 To 10 Years Approved Short Sale N/A Assoc Fee Includes AmenitiesCableInsuranceMaintenanceManagementOther UtilitiesPoolSewerTrashWater Bank Owned Foreclosure No Common Area Features Cable TvDeck/PorchOutside ShowerPatioPoolStorage Facility Condo Type Condo Management Association May Be Subject To Third Party Approval Short Sale No New Construction No Pets No Pets Allowed Possession Subject To Tenancy Sale Or Rent For Sale Sewer Public Sewer Tax Year 2020 Taxes 2435 Water Public Water

    Listing information © 2021 South Jersey Shore Regional MLS.
    Listing provided courtesy of Fox Real Estate-Ocean.


    © 2021 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 2021-07-23T10:02:31.727.
     
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    The Cheryl Huber Team
    109 34th St
    Ocean City NJ, 08226