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Nina Mayer

homesbuyninamayer@gmail.com +1(630) 253-9191

$ 179,900

Est. payment | -/mo

1 Bed

1 Bath

222 SqFt

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$ 179,900

Est. payment | -/mo

Save

1 Bed

1 Bath

222 SqFt

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 222 sqft

Price per Sqft $810

MLS Listing ID 607900

Style Converted Motel

Bedrooms 1

Full Baths 1

HOA Fees $375/mo

Annual Tax Amount $773

Tax Year 2025

Lot Size 222 Sqft

Property Sub-Type Condo

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.

Location

State NJ

County Cape May

Community Ocean City

Area Ocean City/Central

Location Details Corner,Boardwalk Area

Interior

Heating Baseboard, Electric

Exterior

Exterior Feature Concrete, Masonry/Block, Steel

Parking Features One Car

Building

Story Two

Unit Location First Floor

Sewer Public Sewer

Water Public Water

Others

Senior Community No

South Jersey Shore Regional MLS (SJSRMLS)

Listed by Fox Real Estate-Ocean

Schools and Properties Nearby

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+1(630) 253-9191

homesbuyninamayer@gmail.com

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840 Ocean #14 Ocean City, NJ 08226