For Sale

Photo of 900 Wesley Ave, Ocean City NJ
900 Wesley Ave
Ocean City, NJ 08226
Bedrooms
2
Full Baths
2
Heating
Electric
Cooling
Ceiling Fan(s)
Water
Public
Sewer
Public
Parking
Off Site
Unit Location
Pool View
Pets
No Pets
Taxes (2020)
$2,435
Additional Details Below

Description

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, 2.ba 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

Location

Details

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

Notes

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