Price Reduction
Address
1048 Asbury Ave Ocean City, NJ
Price
$ 1,325,000
Property Attributes
  • MLS#548204
  • TypeMulti-Family
  • CountyCAPE MAY
  • CityOcean City
  • AreaOcean City-Central
  • Zip08226
  • Style4 - 10 Units
  • Price$ 1,325,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
MARR AGENCY
Data Source:
South Jersey Shore Regional MLS
Property Description

Six unit building (1 store and 5 residential units) in Prime Downtown Ocean City. This building has been almost 100% renovated since 2013. These exterior renovations include a new foundation, windows, doors, siding (in some areas), fiberglass deck, railings and separate electric meters. Additionally the store and four of the five residential units have been gutted down to the studs. The four renovated residential units have new kitchens, bathrooms, electric, plumbing, insulation, doors and flooring. This building is scheduled to generate $6,225 per month or $74,700 in 2021.

Price History
3/12/2021 Listed $1,400,000
4/1/2021 6% - $1,325,000

General Features

Appliances Dishwasher, Disposal, Dryer, Electric Stove, Refrigerator, Self Cleaning Oven, Washer
Class MULTI-FAMILY
Garage None
Heating Baseboard, Electric, Forced Air, Gas-Natural, Multi-Zoned
Listing Area Ocean City/Central
Sewer Public Sewer
Status Active
Status Active
Tax Year 2020
Taxes 5676
Type 4 - 10 Units
Water Public
Water Heater Electric

Interior Features

# of 1 Bedroom Units 1
# of 2 Bedroom Units 4
# of Units 6
Air Conditioning Central, Window Units
Basement Slab

Exterior Features

Exterior Asbestos, Masonry/Block, Stone, Vinyl
Lot Dimensions 30' X 100'
Outside Features Porch, Sidewalks
Separate Meters Electric, Gas, Water
Storms/Screens Insulated Glass, Screens

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08226

Price
AVG $1.86M
$1.33M
Visits
AVG 28
20
Walkscore
AVG 53
83
Data Provided by Walkscore ® not using MLS data

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