Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Dont 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 dcor 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 spacesa rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coasts 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.
Property Features
Bedrooms
- Bedrooms: 2
- Bedroom 1 Level: Main
- Bedroom 2 Level: Main
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
- Bathroom 1 Level: Main
Interior Features
- Deck/Porch
- Outside Shower
- Interior Amenities: Den/TV Room, Dining Room, Laundry/Utility Room
- Furnished Description: Blinds, Curtains, Drapes
Appliances
- Dishwasher
- Disposal
- Dryer
- Electric Stove
- Microwave
- Refrigerator
- Self Cleaning Oven
- Washer
Other Rooms
- 5
- Family Room Level: Main
- Living Room Level: Main
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central
- Heating Features: Forced Air, Gas-Natural
- Water Heaters: Gas
Kitchen and Dining
- Dining Room Level: Main
- Kitchen Level: Main
Exterior and Lot Features
Land Info
- Lot Size Acres: 0.1549587
- Lot Size Dimensions: 50 x 135
- Lot Size Square Feet: 6750
Garage and Parking
- Parking Features: Assigned Parking, Parking Pad, Two Car Exterior Parking
Multi-Unit Info
- Unit Features: Kitchen Center Island, Pets Allowed
Homeowners Association
Amenities and Community Features
- Community Features: Deck/Porch, Outside Shower
Other Property Info
- Annual Tax Amount: 3828
- Source Listing Status: Active
- County: Cape May
- Directions: From 9th St Bridge take right on Ocean Ave. to 13th St. Coconut Cove(1318) is on the right.
- Tax Year: 2024
- Source Property Type: CONDOMINIUM
- Area: Ocean City/Central
- Property Subtype: condo
- Source Neighborhood: Ocean City/Central
- Property Location: Beach Block, Boardwalk Area
- Flood Plain: Yes
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1200
- Year Built: 2002
- Building Exterior Type: Stucco
- Entry Location: First Floor
- Levels: One
- Property Age: 23
- Levels or Stories: Three to Five
- Year Built Details: 21 to 25 Years
Utilities
- Sewer: Public Sewer
- Main
- Water Source: Public Water