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$1,199,000
Est. payment /mo
3 Beds
2 Baths
1,165 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,165 sqft
Price per Sqft $1,029
MLS Listing ID 606131
Bedrooms 3
Full Baths 2
HOA Fees $450/mo
Annual Tax Amount $4,000
Tax Year 2025
Lot Size 1,165 Sqft
Property Sub-Type Condo
Property Description
INVESTOR SPECIAL - OPEN HOUSE This Sunday APRIL 25th 2026 11:00 TO 2PM -Last chance to get inside to see Oceans Cities BEST BUY!- Renters are coming-so limited showings------------WELCOME to 1122 Ocean Ave —an exceptional first-floor 3-bedroom, 2-bathroom condo delivering strong, consistent cash flow in one of Ocean City's most desirable beach block locations, just steps from the boardwalk and beach. Sold Fully furnished and turnkey, these properties ready for enjoyment as a vacation home or as an income producing rental. The interior features high ceilings and an open, airy layout filled with natural light, creating a bright and welcoming space for owners and guests alike. The first-floor location adds everyday convenience and accessibility. Recent improvements include new 2026) a new roof (2023). Renovated bathrooms and fresh paint throughout offering a clean modern coastal feel with low maintenance for years to come. Additional highlights include an outdoor shower, on-site storage unit, pet friendly policies, and the unbeatable convenience of being steps to. the beach. - all features renters and owners value highly. This property is already set up for immediate income, Just step in and start receiving and generating income from day one! The numbers speak for themselves with $103,000 in rental income for 2025 and $85,000+ already secured for 2026 with additional upside income to follow. The is almost double the income of similar priced condo's .With repeat renters, established bookings and a proven year round track record , this is a Plug and play investment Condition, Location, price and Income - this condo checks every box. Don't miss the opportunity to own a prime turnkey property in one of Ocean City's most sought out locations. Double the income of similar priced rental properties!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,Boardwalk Front,Boardwalk Area
Rooms
Other Rooms Dining Area, Great Room
Interior
Heating Electric, Forced Air, Heat Pump
Exterior
Exterior Feature Stone, Vinyl
Parking Features None
Building
Story Three to Five
Unit Location End Unit,First Floor
Sewer Private
Water Private
Others
Senior Community No
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Listed by BERGER REALTY-Main
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344