Ocean City, NJ 08226,807 E 8th St #409
Ocean City, NJ 08226,807 E 8th St #409
Ocean City, NJ 08226,807 E 8th St #409
Ocean City, NJ 08226,807 E 8th St #409
Ocean City, NJ 08226,807 E 8th St #409
Ocean City, NJ 08226,807 E 8th St #409
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$170,000

$179,900

5.5%
Est.Price: ?

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Est. payment /mo

1 Bath


SOLD DATE : 05/28/2025

Key Details

Sold Price $170,000

Property Type Condo

Sub Type Condo

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 595112

Sold Date 05/28/25

Style Converted Motel

Full Baths 1

Annual Tax Amount $535

Tax Year 2024

Property Sub-Type Condo

Property Description

Your Beach Getaway Awaits—Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent income potential, having generated over $18,000 gross in 2024, with realistic projections to surpass $20,000 annually. Current bookings for 2025 already total approximately $5,800 as of March 31—typically just 25% of yearly reservations. Historically, the property experiences strong rental demand between April and June, accounting for approximately 41% of annual income, consistent occupancy during peak summer months (July–August, approximately 25%), and continued bookings through the quieter September–December season (approximately 9%). Annual operating expenses—including HOA fees, linens and rental service, cleaning, insurance, licensing, WiFi, Airbnb, and utilities—are approximately $9,500–$9,900. Enjoy the convenience of running a highly rated (4.9/5 star) Airbnb remotely by taking advantage of the hotel's own laundry/linens, toiletry, and front desk services (just $1,100/year, charged per rental with no obligation to use) and an on-site, highly reputable cleaning service for seamless turnover between guests (also no obligation to use). Alternatively, owners choosing private enjoyment without rentals can anticipate very manageable carrying costs of around $5,000 per year. Don't miss this opportunity to own a property that effortlessly blends leisure, lifestyle, and lucrative investment potential. Schedule your private showing today!

Location

State NJ

County Cape May

Community Ocean City

Area Ocean City/Central

Location Details Beach Block,Boardwalk Area,Water View

Interior

Heating Baseboard, Electric

Exterior

Exterior Feature Brick

Parking Features None

Building

Story Six to Ten

Sewer Public Sewer

Water Public Water

Others

Senior Community No

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South Jersey Shore Regional MLS (SJSRMLS)
Listed by BERGER REALTY-Main
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(215) 920-2116

janis@settledownphiladelphia.com

444 N 4th St, Philadelphia, PA, 19123, United States

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