Agent Takes: New OCNJ Property Listings for December 8, 2023

Listing #1 – 1305-07 Bay Ave

Property Features: 4,025 Sqft lot, 4 bedroom

The Price: $1,199,000

Agent Hot Take 🔥: This is an older, single-family home, but the price is pretty good in today’s market. It’s on a nicely sized lot at 35 x 100 feet, and it offers a few options. Using it as-is is definitely fine for sure, but I think, in the near future, this could be torn down. Back when they built these properties, they didn’t utilize all of the square footage available. The exterior stairs take up a good bit of space, and it affects the overall interior space. I think this one will sell.

Property Description: WOW! Updated, multi-unit investment property with (2) – 2 bedroom, 1 bath units and a large two car detached garage. Updates include new kitchens featuring shaker cabinets, quartz countertops, and stainless steel appliances, new air conditioning, newer roof, refinished hardwood floors, new fiberglass decks, vinyl railings, and exterior steps. Sitting on a larger 35×115 lot this property also has a great backyard perfect for hanging out after a long day on the beach! Located in the center/bay area of OCNJ this property is an easy walk to downtown Asbury and Ocean Citys famous beach and boardwalk. Whether you want to keep one unit for yourself and generate income renting out the other unit, rent both units for a maximum return on your investment, or keep both units for personal use, this property has a TON of options and potential. Dont miss your opportunity to own this unique income producing property. For the most up to date information regarding this property or to be one of the first to see this property in person, call the listing agent directly!

Listing #2 – 3232 Wesley Ave

Property Features: 6,000 Sqft lot, 9 bedroom, 4.5+ bathroom

The Price: $5,185,000

Agent Hot Take 🔥: A very cool property here. It’s not too often a full-building duplex becomes available. You can use one floor and rent out the other, rent both, use both, etc. The options are endless. As far as the price goes, I think they have it right. It would be very appealing if they could get under the $5M mark, but it should sell. The only downside to this is the location. It’s not bad, but to access the property, you have to go down an alleyway. Some people like it and feel like it offers privacy and less traffic. It’s not a top-of-the-line build, but it is a rare find.

Property Description: Incredible opportunity to own an entire beachfront duplex on the gorgeous beaches of Ocean City. 3232 Wesley features a large footprint providing for maximum square footage on each floor with a height that allows for spectacular views from both floors. Meticulously maintained and updated inside and out. Both floors have large decks with the 1st floor featuring a huge wrap around deck for outdoor dining and entertaining. Recently raised and updated allowing for many parking spots and storage as well as exterior decking and railings. Inside, the 1st floor features 4 bedrooms and 2.5 baths with a wide open floor plan with spacious living room, dining area, kitchen, and bedrooms. The 2nd floor features 5 bedrooms and 2.5 baths and has massive ocean and beach views to the north and south, newer kitchen, open floor plan, large bedrooms, and multiple outdoor decks. Lots of opportunities to use for a large family, rent 1 or 2 floors as an investment, convert into a single home, or build a new duplex or single home!!

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