NJ > Ocean City
Ocean City, NJ 08226,1318 Ocean Ave. #1318
Ocean City, NJ 08226,1318 Ocean Ave. #1318
Ocean City, NJ 08226,1318 Ocean Ave. #1318
Ocean City, NJ 08226,1318 Ocean Ave. #1318
Ocean City, NJ 08226,1318 Ocean Ave. #1318
Ocean City, NJ 08226,1318 Ocean Ave. #1318
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Edward Rogers

Edward Rogers

+1(267) 231-7212
$ 925,000
Est. payment | /mo

2 Beds

1 Bath

Save Virtual Tour
$ 925,000
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

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

South Jersey Shore Regional MLS (SJSRMLS)
Listed by GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
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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(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

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1318 Ocean Ave. #1318