900 Wesley Ave Unit ##101, Ocean City, NJ 08226

$599,900
2
BD
2
BA
List Price
$599,900
Status
ACTIVE
MLS#
582123
Unit
#101
Bedrooms
2
Bathrooms
2
Region
Ocean City/Central
City
Ocean City

Property Description

#101 Sun Beach Condo - 2BR, 2BA residential condo with heated pool. Sleeps 8. Huge 2nd BR with two queen beds. Master BR with king bed plus full sleep-sofa (Flexsteel) pull-out in LR. Split floorplan has bedrooms on opposite sides of the apartment for added privacy. This building has no front desk and no rental restrictions. Most of the 38 residential units are used as 2nd home vacation get-aways. Use the property as a 2nd home or rent it - use local Realtors, or do it yourself via VRBO, AirBB or others. Currently it's a rental property. Consistently grosses $48,000-$55,000+ every year. Center City location puts everything a few short blocks away...EZ walking distance to the Beach and the Boardwalk and the shopping on Asbury Avenue. Granite countertops in the kitchen, breakfast bar, dining booth and in both baths. Upgraded wood cabinets in kitchen & baths. In-unit washer/dryer (all others use coin-op common laundry). Complex has heated pool, BBQ area, storage and spacious upper sundeck with loungers, tables & chairs. Sold Fully Furnished & equipped as is. Condo fee includes hot water, TV Cable & Wifi, flood/fire insurance, exterior maintenance. One car parking off-site. Check Associated Docs for more info. INVESTORS! Please check out the attached Investment Property Analysis. This property has a multi-year stable rental track record. With 20% down at 7%, 30 years, the property has an after tax (24% Tax Bracket) POSITIVE CASH FLOW starting at year ONE! Try to find that with any other property you are considering!

Additional Information

Hoa Includes
Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water, Other Utilities, Cable, Pool
Cooling
Ceiling Fan(s), Electric, Wall Units
Heating
Electric, Space/Wall/Floor
Parking Description
None
Parking Exterior
Off Site Parking
Water
Public Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Fox Real Estate-Ocean.

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