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$ 185,000
Est. payment /mo
Active
807 E 8th #402 Ocean City, NJ 08226
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 602511
Full Baths 1
Annual Tax Amount $675
Tax Year 2024
Property Sub-Type Condo
Property Description
Don't miss this fully furnished studio in the Hanscom, just steps from the beach! Rented year-round, it generated nearly $36,000 in gross income in 2024 and over $25,000 in 2025, making it one of the building's most profitable rentals. The studio is a well-known rental in the building, with a dedicated website that drives strong traffic and generates consistent inquiries and bookings - a benefit a new owner could immediately take advantage of. Inside, it features original flooring, a new AC, full bathroom, kitchenette, dining area, and storage closet, creating a low-maintenance beachside retreat. The building offers a lobby, sitting area, elevator access, on-site laundry, and private storage for each unit. A low HOA fee covers utilities, building amenities and maintenance, insurance, and WiFi, with electric as the only separate expense. This is a cash-only purchase, as financing is not available. Conveniently located within walking distance of Sundae's Ice Cream Shop, bike rentals, the OC Waterpark, shops, dining, and the boardwalk, this studio is ready to provide dependable rental income or serve as your own vacation getaway.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,Boardwalk Area
Rooms
Other Rooms Dining Area
Interior
Heating Baseboard, Electric
Exterior
Parking Features None
Building
Story Six to Ten
Sewer Public Sewer
Water Public Water
Others
Senior Community No
Listed by BHHS FOX and ROACH-109 34th OC
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