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840 Ocean Avenue, Ocean City, NJ
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For Sale: $179,900
Beds: 1     Baths: 1
Type: Condo
    DOM: 0 Days
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PROPERTY DESCRIPTION
RENTAL POWERHOUSE! 2023 Income was $23,623.81, 2024 Income was $24,513.17, 2025 Income was $25,746. After all expenses, this unit generated $9,468.99 in 2025 net profits, generating a 5.25% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished 2023, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled throughout for maintenance-free ownership. 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 and converted to condo/motel ownership in '04. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (21 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. 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 (w/minimal annual fee), 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. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests.
PROPERTY FEATURES
  • Electric Stove 
  • Microwave 
  • Refrigerator 
  • Heating:Baseboard 
  • Heating:Electric 
  • See Remarks 
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Request Property Information - 840 Ocean Avenue, Ocean City NJ

  For Sale: $179,900   |   MLS Number: 607900  
| DOM: 0 Days  
Provided by: Pat McCusker Real Estate - www.patavalon.com

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Let Pat McCusker Real Estate be your buyer agent for this listing. Listing is provided by Fox Real Estate-Ocean. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
Pat McCusker - Long and Foster Real Estate
Direct: 609-602-2710Office: 609-967-3001
2997 Dune Drive, Avalon New Jersey
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Specializing in Vacation Rentals and Properties
For Sale in The Wildwoods, Stone Harbor,
Avalon, Sea Isle City & Ocean City New Jersey.

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