Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
Ocean City, NJ 08226,719 E 10th Street #Impala Suites # 301
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$956,000

$969,900

1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

3 Baths


SOLD DATE : 05/31/2024

Key Details

Sold Price $956,000

Property Type Condo

Sub Type Condo

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 241110

Bedrooms 3

Full Baths 3

Condo Fees $555/mo

Annual Tax Amount $7,572

Tax Year 2023

Property Sub-Type Condo

Property Description

Presenting a rare investment opportunity in Ocean City, renowned as America's Greatest Family Resort! Nestled within the esteemed Impala Suites, this condominium hotel comprises three units that can be leased individually or merged, granting flexibility and maximizing rental prospects. Together, the three units encompass 3 bedrooms, 3 full baths, and a private deck in each, accommodating over 10 guests in total. This layout is ideally tailored for families or groups seeking generous and well-appointed accommodations. The building, constructed in 2021, is under the management of an on-site property management firm, ensuring a hassle-free experience for proprietors. The management company oversees all facets of property management, encompassing rental procurement, upkeep, and reservations, thus rendering this investment opportunity truly hands-off. The previous owner effortlessly garnered $50,000 in rental revenue last year, with projections for this season already exceeding $55,000. The Impala Suites boast full occupancy throughout the summer, underscoring their popularity and potential for substantial returns. Positioned directly at the beach and boardwalk, the units offer breathtaking ocean vistas and convenient access to the pool. Distinguished from other units in the building, these residences feature a well-illuminated entry, forgoing the inconvenience of dim hallways. Seize the chance to invest in this fully furnished opportunity at Impala Suites in Ocean City, where prime location, luxurious amenities, and robust rental income potential converge seamlessly.

Location

State NJ

County Ocean City

Area Ocean City

Interior

Hot Water Electric

Building

Lot Description Beach Block, Corner, Water View

Story One

Sewer Public

Water Public

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by COMPASS RE - Sic
Bought with WEICHERT REALTORS - ASBURY GROUP

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agent
Eric Booth

Broker Associate | License ID: NJ-9588156

+1(609) 602-2303 | eric@shoreteam.com

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