900 Wesley Avenue
900 Wesley Avenue Ocean City, New Jersey 08226 United States

$399,900
 Get directions
 
2021 has over $43,745 income w/22 weeks rented, plus a 21-22 winter rental. 2020 income $36,612.36, 2021 income $38,445.95 - BOTH NET AFTER COMMISSIONS! '21 Net after all expenses = $22,086.22. Prior years equally as impressive. Rents 100% solid...

Goldcoast Sotheby's International Realty

Listing Courtesy of Fox Real Estate-Ocean
2
Bedrooms
2
Full Baths
Condominiums
Property type
547986
Web Id
547986
MLS ID
Ocean City
School District
156
days ago

About 900 Wesley Avenue

2021 has over $43,745 income w/22 weeks rented, plus a 21-22 winter rental. 2020 income $36,612.36, 2021 income $38,445.95 - BOTH NET AFTER COMMISSIONS! '21 Net after all expenses = $22,086.22. Prior years equally as impressive. Rents 100% solid every year. Completely gutted & remodeled. 2 blocks to center of boardwalk & 9th/10th St. beaches. Perfect center city location, EVERYTHING in walking distance! Largest unit in bldg. (@956 sq.ft.). 2BR, 2.BA Sleeps EIGHT (8). Granite countertops, wood cabs throughout. In-unit washer/dryer. BR's are on opposite sides of the apartment for extra privacy. Parking 1 car (City owned Lot, rented annually @$800/yr. off-site). Heated pool, BBQ area & spacious sun deck. Condo Fee Includes wi-fi, cable, hot water. 39 unit condo building has @ 15 owners that rent and the rest don't rent at all. Check Associated Docs for P&L. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER. $100,000 Down, 4%, 30 year amortization, 5 year balloon. OR $100,000 down, 6%, 30 year amortization, 10 year balloon. This used to be the front rental office & mgr's apt @ the Sun Beach when Sun Beach was a motel. Even though Sun Beach no longer operates as a motel, this is still considered a commercial property. It requires a commercial mortgage, a cash buyer or take advantage of the Seller financing. The seller will also buy down any rate differences between a commercial loan and a residential loan. SHOWINGS OCT-APRIL REQUIRE 24 HRS. NOTICE (has co-operative winter tenant).

Listing Courtesy of Fox Real Estate-Ocean

Amenities

  • Dishwasher
  • Refrigerator
  • Washer Included
  • Dryer Included

features

cooling
Ceiling Fan, Electric

PROPERTY INFORMATION

Appliances
Dishwasher, Disposal, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Ceiling Fan(s), Electric, Wall Units
Heating
Electric, Space/Wall/Floor
Location
Corner
Sewer
Public Sewer
Water
Public Water
Listing Courtesy of Fox Real Estate-Ocean

Goldcoast Sotheby's International Realty

Listing Courtesy of Fox Real Estate-Ocean
Contact Agent