Agent Takes: New OCNJ Property Listings for September 18, 2023

Listing #1 – 846 Park Pl Unit 1

Property Features: 3,900 Sqft lot, 3 bedroom, 2 bathroom

The Price: $949,000

Agent Hot Take 🔥: This one’s a nice 3-bed, 2-bath property in a good location. I think the price is aligned with today’s market, and the condition of the property seems to be good as well. This is a nice investment property and should generate about $40k in rental income per summer, maybe even a little more. It also sits on a nicely sized lot, so the rooms on the inside should be larger!

Property Description: Park Place beach block condo with tremendous rental income potential. This 3 bedroom 2 bathroom first floor condo is well maintained and features: a relaxing, covered front porch, comfortable living room with fireplace, dining room and kitchen with recessed lighting, breakfast bar and barn-style, pocket door to laundry room and rear exit. Floor plan has a primary bedroom with full sized bathroom, 2nd bedroom with king sized bed, additional 3rd bedroom and 2nd bathroom. Amenities include: newer flooring, all new electric, newer bathroom fixtures, crown molding, wainscoting, plantation shutters, new oven, central air, and tankless hot water. Exterior has cedar shingle siding, new roofing, shared detached garage, parking and outside shower. 2023 rental income was $28k for 7 weeks per owner.

Listing #2 – 322 Boardwalk Unit 404

Property Features: 1,086 Sqft, 2 bedroom, 2 bathroom

The Price: $859,900

Agent Hot Take 🔥: There are 5 units for sale in this building, and this one asks the second-highest in price. It’s a 2-bed, 2-bath unit in a great location. Essentially, you’re beachfront here. The price isn’t horrible, but I think it’s a little too high. The inside isn’t bad, but it definitely could use some upgrading. I don’t mind properties like this for small families as they offer a ton, so on vacation, you really feel like you’re on vacation. You’ll pay a condo fee of $607 per month, which is definitely steep, but you have a pool, maintenance, and more. Basically, it’s like a large hotel room.

Property Description: Welcome to Ocean City’s premier beachfront, boardwalk front condominium, The Gardens Plaza! Step into this bright, airy, meticulously maintained and tastefully updated 2 bedroom, 2 bath unit. #404 offers a large master bedroom with a walk-in closet, a full master bath and plenty of space to entertain family and friends and a private balcony. Amenities include a heated beachfront pool with direct access to the famous Ocean City boardwalk, 24/7 fitness center, 24/7 security, storage, bike room access, library, the Holloway room for entertaining up to 70 people and on-site management. Priced to sell!

Listing #3 – 742 Moore Ave Unit 742

Property Features: 1,868 Sqft, 6 bedroom, 3 bathroom

The Price: $899,900

Agent Hot Take 🔥: This place is pretty cool. It’s an old townhome that’s been fully renovated, and the homeowners did a great job, in my opinion. The location is definitely not my first choice in town, but the price isn’t bad for how nice it is on the inside. I also think that having a townhome has its benefits and tends to feel more like a single-family property than your typical condo. I like the property, but I don’t love the location.

Property Description: Come check out this gorgeous, completely renovated one of a kind townhome in the heart of sunny OCNJ! This beautiful 3 story home features a complete renovation with an open floor plan, 6 bedrooms and 3 full baths. Gorgeous new kitchen with quartz countertops, large Island, double pantries, coffee station, stainless-steel appliances, large dining area, spacious and bright living room, and luxury wide-plank flooring throughout the whole home. Inviting front porch, central air with 2 zones, off-street parking, maintenance free exterior, backyard, and more! Tastefully decorated throughout. Great location! Close to beach, boardwalk & shopping. Stunning property, pristine condition! Great value! Don’t miss this six bedroom with incredible rental potential! See you on the Beach!

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