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$ 925,000
Est. payment /mo
Active
1318 Ocean Ave. #1318 Ocean City, NJ 08226
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596578
Bedrooms 2
Full Baths 1
Year Built 2002
Annual Tax Amount $3,828
Tax Year 2024
Property Sub-Type Condo
Property Description
Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don't miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income the last 3 years and on course to do close to $60,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces—a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast's most popular resort destinations, "America's Greatest Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove's sister property, The Pineapple Pad, 1312 Ocean Ave. (MLS # 596521) is also for sale. Own both units together and double your rental income, enjoy built-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It's a rare chance to to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,See Remarks,Boardwalk Area
Rooms
Other Rooms Den/TV Room, Dining Room, Laundry/Utility Room
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Building
Story Three to Five
Unit Location First Floor,See Remarks
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Virtual Tour https://youtu.be/3cY2K0-BqWM?si=8_Qm6XxFVCLPDSuG
Listed by GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY