840 Ocean Avenue, Unit 47
840 Ocean Avenue, Unit 47
$199,900
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Description
Unit #47 @ The "Sifting Sands" Condo/Motel. This is a 2nd floor corner unit, it sleeps 6 people, and is one of the largest and highest grossing floorplans in the building. (2023 = $23,285.64). 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 & converted to condo/motel ownership in 2004. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15 - Oct) guarantees...Unit #47 @ The "Sifting Sands" Condo/Motel. This is a 2nd floor corner unit, it sleeps 6 people, and is one of the largest and highest grossing floorplans in the building. (2023 = $23,285.64). 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 & converted to condo/motel ownership in 2004. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15 - Oct) guarantees "hands off & hassle free" income. Building open year 'round. Block off some personal usage between rentals in the summer (14 days max) and off season (Nov 1 - April 15) there are no usage restrictions - available for your use or rent by owner at your pleasure off-season. 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, 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. Take a real good look.....where else in OC can you get an apartment that sleeps 6 with a pool this close to the ocean and boardwalk at this price? Call Listing Agent for details & questions regarding personal usage & the Rental Program. The Motel is in full operation, so all showings have to be in-between Guests. Note: Financing is available thru portfolio "condo-tel" lenders with 25-30% down.
- Listed by JESSE BRIGLIA • Fox Real Estate-Ocean
Property Details for 840 Ocean Avenue, Unit 47
City/Community
Ocean City
ClassCONDOMINIUM
Parking - ExteriorSee Remarks
Waterfront (Y/N)No
ZonedHZ
Location
LISTING UPDATED: 05/18/2024 10:01 AM
Property Details for 840 Ocean Avenue, Unit 47
Status | Active |
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MLS # | 585328 |
Days on Market | 15 |
Taxes | $901 / year |
HOA Fees | $350 |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | CONDOMINIUM / Condo |
Year Built | - |
County | Cape May County |
Location
Building Information for 840 Ocean Avenue, Unit 47
Building/ComplexSifting SandsFloor-Stories2Residences-Pet Policy-Year Built-
Payment Calculator
$1,516 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 840 Ocean Avenue, Unit 47
Property History for 840 Ocean Avenue, Unit 47
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 840 Ocean Avenue, Unit 47
Taxable ValueLand$43,300Additions$40,800Total$84,100
Tax Record2022$865 ($72 / month)
Home Facts
Beds0Total Finished SqFt327 SqFtAbove Grade Finished SqFt327 SqFtStories1Lot Size540 SqFtStyleCondominiumYear Built1961CountyCAPE MAYAPN08 00804-0000-00017-0000-C47
Schools near 840 Ocean Avenue, Unit 47
This home is within Ocean City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 3 | |||
Public - | 4 to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 8 |
Rating | School | Distance |
---|---|---|
Ocean City Primary School PublicPK to 3 | ||
Ocean City Intermediate School Public4 to 8 | ||
Ocean City High School Public9 to 12 | ||
St. Augustine Regional School PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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