Agent Takes: New OCNJ Property Listings for October 27, 2023

Listing #1 – 1420-22 Central Ave

Property Features: 4,500 Sqft

The Price: $1,995,000

Agent Hot Take 🔥: Tough one for me here. This property actually has five apartments inside. Check out the agent’s remarks on the home below. I personally see this as a teardown, but that’s tough at $2M and, if that price were right for a developer, it would be snatched up already. I’ll be watching this one to see what happens.

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 – 75% complete, 2nd floor: 2 bedroom 1 bath – renovations completed, 3rd floor: 1 bedroom 1 bath – 85% complete, 4th floor: 1 bedroom 1 bath + loft 50% 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. Being sold in as is condition! Great Rental Potential! Great Location! Great Value! See you on the Beach!

Listing #2 – 400 1st St Unit C3

Property Features: 1,124 Sqft, 3 bedroom, 2 bathroom

The Price: $715,000

Agent Hot Take 🔥: This property’s gorgeous on the inside! It’s at a very affordable price in OCNJ, and you don’t have to do any work. It is a little far from the beach, but the price reflects that. You are, also, in a condo association and the fees will run you $265 per month, with is pretty low for OCNJ. I like this one. I think it’s a great starter place!

Property Description: Completely renovated Coastal getaway!! Gorgeous Eat-in Kitchen w/ Marble Countertops, Under counter sink, SS Appliances and Beautiful Tile Backsplash, opens perfectly into a classic and contemporary living space. Shiplap walls & New trim compliment the restored Original Hardwood Floors. Unit Features Two SPA Inspired bathrooms!! With 3 bedrooms.. the third bedroom has a Murphy bed so the room can be used as a den or sleeping quarters. Exterior has newer Foundation, Newer Roof, Vinyl siding, Shared outdoor shower, and one dedicated parking spot! Inside the HVAC Plumbing, Electric, and Windows are all updated!! North-end Location is amazing! Close to Beach, Boardwalk, Playground, and Asbury ave. shopping! Common deck Area. Pet Friendly! MUST SEE!!!

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