4% MORTGAGE AVAILABLE! SELLER WILL BUY-DOWN BUYER'S MORTGAGE TO 4% FOR 5 YEARS. CONTACT LISTING AGENT FOR DETAILS. #101 Sun Beach Condo - 2BR, 2BA residential condo (812 sq.ft. +/-) with heated pool. Sleeps 8. Huge 2nd BR with two queen beds. Master BR with king bed plus full sleep-sofa (Flexsteel) pull-out in LR. Split floorplan has bedrooms on opposite sides of the apartment for added privacy. This building has no front desk and no rental restrictions. Most of the 38 residential units are used as 2nd home vacation get-aways. Use the property as a 2nd home or rent it - use local Realtors, or do it yourself via VRBO, AirBB or others. Currently it's a rental property. Consistently grosses $48, 000-$55, 000+ every year. Read the Guest Reviews Below! Center City location puts everything a few short blocks away...EZ walking distance to the Beach and the Boardwalk and the shopping on Asbury Avenue. Granite countertops in the kitchen, breakfast bar, dining booth and in both baths. Upgraded wood cabinets in kitchen & baths. In-unit washer/dryer (all others use coin-op common laundry). Complex has heated pool, BBQ area, storage and spacious upper sundeck with loungers, tables & chairs. Sold Fully Furnished & equipped as is. Condo fee includes hot water, TV Cable & Wifi, flood/fire insurance, exterior maintenance. One car parking off-site. Check Associated Docs for lots more info. INVESTORS! Please check out the attached Investment Property Analysis. This property has a multi-year stable rental track record. With 20% down at 7%, 30 years, the property has an after tax (24% Tax Bracket) POSITIVE CASH FLOW starting at year ONE! Try to find that with other properties you are considering!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2 / 0
- Full Bathrooms: 2
Interior Features
- Cable TV
- Deck/Porch
- Outside Shower
- Patio
- Pool
- Storage Facility
- Interior Amenities: Breakfast Nook, Laundry/Utility Room, Primary BR on 1st floor
- Furnished Description: Blinds, Furnished
Appliances
- Dishwasher
- Disposal
- Dryer
- Electric Stove
- Microwave
- Refrigerator
- Self Cleaning Oven
- Washer
Other Rooms
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Electric, Wall Units
- Heating Features: Electric, Space/Wall/Floor
Exterior and Lot Features
- Cable TV
- Deck/Porch
- Outside Shower
- Patio
- Pool
- Storage Facility
- Road Frontage Type: Ave
Land Info
- Lot Size Acres: 0.018641
- Lot Size Dimensions: 812 sq.ft.
- Lot Size Square Feet: 812
Manufactured and Mobile Info
Garage and Parking
- Parking Features: Off Site Parking
Homeowners Association
- Association: Yes
- Association Fee: 456
- Association Fee Includes: Amenities, Cable, Insurance, Maintenance, Management, Other Utilities, Pool, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 456
- Pets Allowed: No pets allowed
Multi-Unit Info
- Unit Features: Foyer, Master Bath
Amenities and Community Features
- Community Features: Cable TV, Deck/Porch, Outside Shower, Patio, Pool, Storage Facility
Other Property Info
- Annual Tax Amount: 2667
- Source Listing Status: Active
- County: Cape May
- Directions: Directly on the Southwest Corner of 9th & Wesley Ave.
- Tax Year: 2023
- Source Property Type: CONDOMINIUM
- Area: Ocean City/Central
- Property Subtype: condo
- Source Neighborhood: Ocean City/Central
- Property Location: Corner
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 812
- Building Exterior Type: Concrete, Masonry/Block, Stucco
- Building Name: Sun Beach
- Entry Location: End Unit, First Floor
- Levels: One
- Levels or Stories: Two
- Year Built Details: 6 to 10 Years
Utilities
- Sewer: Public Sewer
- Water Source: Public Water