For Sale

Photo of 900 Wesley Ave, Ocean City NJ
900 Wesley Ave
Ocean City, NJ 08226
Full Baths
Ceiling Fan(s)
Off Site
Unit Location
Pool View
No Pets
Taxes (2020)
Additional Details Below


2021 has over $43,745 income w/22 weeks rented, plus a 21-22 winter rental. 2020 income $36,612.36, 2021 income $38,445.95 - both net after commissions! '21 net after all expenses = $22,086.22. prior years equally as impressive. rents 100% solid every year. completely gutted & remodeled. 2 blocks to center of boardwalk & 9th/10th st. beaches. perfect center city location, everything in walking distance! largest unit in bldg. (@956 sq.ft.). 2br, sleeps eight (8). granite countertops, wood cabs throughout. in-unit washer/dryer. br's are on opposite sides of the apartment for extra privacy. parking 1 car (city owned lot, rented annually @$800/yr. off-site). heated pool, bbq area & spacious sun deck. condo fee includes wi-fi, cable, hot water. 39 unit condo building has @ 15 owners that rent and the rest 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. or $100,000 down, 6%, 30 year amortization, 10 year balloon. this used to be the front rental office & mgr's apt @ the sun beach when 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. showings oct-april require 24 hrs. notice (has co-operative winter tenant).

Room Details

Additional Rooms: Breakfast Nook, Laundry/Utility Room, Master Br On 1st Floor



Age: 6 To 10 Years
Air Conditioning: Ceiling Fan(s), Electric, Wall Units
Also Includes: Blinds, Furnished
Appliances: Dishwasher, Disposal, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
Asso. Fee Includes: Amenities, Cable, Insurance, Maintenance, Management Utilities, Pool, Sewer, Trash, Water
Common Area Features: Cable Tv, Deck/porch, Outside Shower, Patio, Pool, Storage Facility
Heating: Electric, Space/wall/floor
Location: Corner
Other Rooms: Breakfast Nook, Laundry/utility Room, Master Br On 1st Floor
Parking: Off Site Parking
Pets: No Pets Allowed
Sewer: Public Sewer
Siding Exterior: Concrete, Masonry/block, Stucco
Unit Features: Foyer, Master Bath
Unit Location: End Unit, First Floor, Pool View
Assessment : 0
Zoning Designation CONDOMINIUM
Lattitude : 39.277644
Longitude : -74.575325
EveryHome Number : 547986-10306
Listing Courtesy: Fox Real Estate-Ocean


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