$925,000
1318 Ocean Ave Unit 1318, Ocean City, NJ 08226
- 2Beds
- 1Bath
- 1200SqFt
- 2Beds
- 1Bath
- 1200SqFt
- Property TypeCondo
- Year Built2002
- Price per Sqft$771
- On highrises18 Days
- Pet Policy
Property Details
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
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Kevin Mcgonigle
- state license#0449809
