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840 Ocean Ave #42 42, Ocean City, NJ 08226

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For Sale

$145,500

1 baths • 412 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Condominium
    Property type

  • $353.16
    Price per square foot

  • Pool
    Amenities

Explore this Property

Welcome to Sifting Sands, one of Ocean City s last remaining iconic center-city motels, operating every summer since 1964. This updated and fully furnished condotel unit is ideally located at 9th & Ocean Avenue just steps from the boardwalk, beaches, shopping, and dining. The unit comfortably sleeps four and features a galley kitchen and one deeded parking space. Sifting Sands is now a pet-friendly establishment, making it even more attractive for owners and renters alike. The condo fee covers a wide range of amenities, including water, sewer, flood and hazard insurance, hot water, cable, Wi-Fi, trash service, common area maintenance, professional management, and access to the onsite pool. Owners may reserve up to 14 personal-use days during the summer rental season, and enjoy unrestricted use from November 1 to April 15. The unit generated $13,392 in gross rental income for the 2024 season, plus an additional $2,500 from winter rentals. Showings must be scheduled between guest stays, as the motel is in full operation. Don t miss this opportunity to own a piece of Ocean City history with excellent rental potential and a prime location!
MLS# 596789

Courtesy Of Compass New Jersey-Ocean City

(609) 322-7390

Property Features

  • Amenities
    Pool, Ceiling Fan
  • Appliances
    Microwave, Refrigerator
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Block, Concrete, Stone
  • Heating System
    Space Heater

Map and Directions

Directions to 840 Ocean Ave #42 42, Ocean City, NJ 08226

Home seller CENTURY 21 Veterans

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Veterans

(267) 352-8000
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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