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Key Details
Sold Price $345,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 594356
Sold Date 07/18/25
Bedrooms 1
Full Baths 1
Year Built 1925
Annual Tax Amount $2,381
Tax Year 2024
Property Sub-Type Condo
Property Description
Very strong rental history in this beautiful one bedroom condo in the Historic Flanders Hotel! Completely furnished and can accommodate 5 people! King bed, sofa sleeper & Twin Sleeper chair! This condo has awesome southern views of Ocean City. Unit next door also for sale and can be purchased together. The unit can either be rented out with great cash flow or you can utilize it as a owner occupant. Management company takes care of everything so you don't have to do a thing. Heated pool, fitness center and an onsite salon and shop. Direct access to the boardwalk and beach. Additional storage for all your beach equipment and bikes. All rentals must go through the Flanders on-site rental program, no outside rentals permitted. Year-round residency is not permitted at The Flanders. City Ordinance restricts owner usage to 200 nights per year. If participating in the rental program, owner usage from mid-June through Labor Day is limited to 14 nights plus an additional 186 nights throughout the remainder of the year. If not renting owners can stay any 200 nights per year.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Beach Block,Boardwalk Front,Boardwalk Area
Rooms
Other Rooms Den/TV Room
Interior
Heating Forced Air
Exterior
Exterior Feature Masonry/Block
Parking Features None
Building
Story Six to Ten
Unit Location See Remarks
Sewer Public Sewer
Water Public Water
Others
Senior Community No
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