807 E 8th St #409, Ocean City, NJ 08226 – 595112 - Joseph Lam

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$179,900

Est. payment - /mo

1 Bath

Save

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 595112

Style Converted Motel

Full Baths 1

Annual Tax Amount $535

Tax Year 2024

Property Sub-Type Condo

Property Description

Your Beach Getaway Awaits—Prime Location & Proven Income! Welcome to 807 E 8th Street #409, your perfect slice of paradise in the heart of Ocean City! This charming, turnkey efficiency places you just steps away from Ocean City's pristine beaches and iconic boardwalk. Enjoy the ultimate convenience of being less than a block from sun-soaked shores and the vibrant shops, restaurants, and entertainment along bustling Asbury Avenue. Strong Rental History & Impressive Returns: This unit offers excellent income potential, having generated over $18,000 gross in 2024, with realistic projections to surpass $20,000 annually. Current bookings for 2025 already total approximately $5,800 as of March 31—typically just 25% of yearly reservations. Historically, the property experiences strong rental demand between April and June, accounting for approximately 41% of annual income, consistent occupancy during peak summer months (July–August, approximately 25%), and continued bookings through the quieter September–December season (approximately 9%). Annual operating expenses—including HOA fees, linens and rental service, cleaning, insurance, licensing, WiFi, Airbnb, and utilities—are approximately $9,500–$9,900. Enjoy the convenience of running a highly rated (4.9/5 star) Airbnb remotely by taking advantage of the hotel's own laundry/linens, toiletry, and front desk services (just $1,100/year, charged per rental with no obligation to use) and an on-site, highly reputable cleaning service for seamless turnover between guests (also no obligation to use). Alternatively, owners choosing private enjoyment without rentals can anticipate very manageable carrying costs of around $5,000 per year. Don't miss this opportunity to own a property that effortlessly blends leisure, lifestyle, and lucrative investment potential. Schedule your private showing today!

Location

State NJ

County Cape May

Community Ocean City

Area Ocean City/Central

Location Details Beach Block,Boardwalk Area,Water View

Interior

Heating Baseboard, Electric

Exterior

Exterior Feature Brick

Parking Features None

Building

Story Six to Ten

Sewer Public Sewer

Water Public Water

Others

Senior Community No

Read Less Info

South Jersey Shore Regional MLS (SJSRMLS)

Listed by BERGER REALTY-Main

GET MORE INFORMATION

Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

807 E 8th St #409 Ocean City, NJ 08226

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

807 E 8th St #409