$1,800,000
$1,995,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/31/2025
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 589450
Sold Date 03/31/25
Year Built 1920
Annual Tax Amount $7,000
Tax Year 2023
Property Sub-Type 4 - 10 Units
Property Description
GREAT INVESTOR OPPORTUNITY! Centrally located apartment building with 8 apartments in the heart of Ocean City! 1420 Central (5 apartments): 1st floor front: 1 bedroom 1 bath - 85% complete, 1st floor rear: Efficiency - 100% complete, 2nd floor: 2 bedroom 1 bath - renovations completed, 3rd floor: 1 bedroom 1 bath - 100% complete, 4th floor: 1 bedroom 1 bath + loft 75% complete. 1422 Central (3 apartments): 1st floor: 2 bedroom 1 bath - renovations completed, 2nd/3rd floor: 4 bedroom 2 bath - renovations completed, 4th floor: 2 bedroom 1 bath - 85% complete. 40 x 100 lot size. Being sold in "as is" condition! Great Rental Potential! Great Location! Great Value! See you on the Beach!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details See Remarks,Boardwalk Area
Rooms
Other Rooms Dining Area, Dining Room, Great Room, Kitchen, Laundry/Utility Rm, Living Room, Storage Attic
Basement Slab
Interior
Heating Baseboard, Gas-Natural, Hot Water, Multi-Zoned, See Remarks
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
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