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$925,000
Est. payment /mo
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596521
Bedrooms 2
Full Baths 1
Year Built 2002
Annual Tax Amount $3,840
Tax Year 2024
Property Sub-Type Condo
Property Description
Introducing the "Pineapple Pad", a charming 2 bedroom, 1 bath condo ideally situated across the street from the iconic Ocean City Boardwalk and many of it's legendary shops such as Johnson's Popcorn, Bob's Grill and The Medevil Miniature Gold Course. This themed unit, adorned with delightful pineapple décor, offers a unique and inviting atmosphere for guests seeking a memorable beach getaway. The Pineapple Pad makes for a great investment, boasting a proven rental history, generating over $50,000 annually for the last 3 years and on course to go over $70,000 this year, making it a lucrative opportunity for investors. Guests are drawn to its prime location, just steps away from the boardwalk's vibrant attractions, sandy beaches, and oceanfront dining. The Pineapple Pad features over 1100 square feet of living space , a front deck/patio, perfect for enjoying ocean breezes and people-watching! Inside, the unit is thoughtfully designed with comfort and convenience in mind. The heart of the Pineapple Pad is the great room designed with coastal charm. A plush oversized sectional sofa with pineapple print pillows anchors the space that evokes a relaxing beachy vibe. The kitchen is fully equipped for preparing meals to celebrate any occasion. Additional amenities include a stacked washer/dryer, a new HVAC system, new Hot Water heater (both installed in 2024) and brand new luxury vinyl plank flooring, ensuring a hassle-free stay for guests. The property includes two assigned parking spaces, a valuable asset in the boardwalk area of America's Greatest Family Resort. With its tropical theme, excellent location, and strong rental income fully managed by an Ocean City based Property Management Company, the Pineapple Pad stands out as a premier investment property in Ocean City! Also, Please make note that the Pineapple Pad's sister property, the Coconut Cove, 1318 Ocean Ave., is also For Sale!(MLS# 596578) Own both units together and double your rental income, enjoy built-in management systems, and give guests the option to book side-by-side stays, perfect for familiy or group stays.It's a rare chance to invest in a turn-key Ocean City duo that's already up and running! Come check it out!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,See Remarks,Boardwalk Area
Rooms
Other Rooms Den/TV Room, Dining Area, Laundry/Utility Room
Interior
Heating Forced Air, Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features Heated Garage
Building
Story Three to Five
Unit Location End Unit,First Floor,See Remarks
Sewer Public Sewer
Water Public Water
Others
Senior Community No
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Listed by GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY