1122 Ocean 1st Floor 1, Ocean City, NJ 08226
Cape May County
Key Facts
Description
INVESTOR SPECIAL - BEST INVESTMENT ON ISLAND FOR INCOME PRODUCING PROPERTY BY 2X- $103,000 IN INCOME Showings-- Saturdays 11am to 1pm--WELCOME to 1122 Ocean Ave —an exceptional first-floor 3-bedroom, 2-bathroom condo delivering strong, consistent cash flow in one of Ocean City's most desirable beach block locations, just steps from the boardwalk and beach. Sold Fully furnished and turnkey, these properties ready for enjoyment as a vacation home or as an income producing rental. The interior features high ceilings and an open, airy layout filled with natural light, creating a bright and welcoming space for owners and guests alike. The first-floor location adds everyday convenience and accessibility. Recent improvements include new 2026) a new roof (2023). Renovated bathrooms and fresh paint throughout offering a clean modern coastal feel with low maintenance for years to come. Additional highlights include an outdoor shower, on-site storage unit, pet friendly policies, and the unbeatable convenience of being steps to. the beach. - all features renters and owners value highly. This property is already set up for immediate income, Just step in and start receiving and generating income from day one! The numbers speak for themselves with $103,000 in rental income for 2025 and $95,000+ already secured for 2026 with additional upside income to follow. The is almost double the income of similar priced condo's .With repeat renters, established bookings and a proven year round track record , this is a Plug and play investment Condition, Location, price and Income - this condo checks every box. Don't miss the opportunity to own a prime turnkey property in one of Ocean City's most sought out locations. Double the income of similar priced rental properties!
Property Information
Property Type
Residential
Sub-Type
Condominium
Living Area
1,165 sq ft
Garage Spaces
2
Days on Market
103
MLS® Listing#
606131
Property Features
Appliances
Cooling
Heating
Construction
Water Source
Rooms
- Bathroom 1Main
- Bathroom 2Main
- Bedroom 1Main
- Bedroom 2Main
- Bedroom 3Main
- Dining RoomMain
- Family RoomMain
- KitchenMain
- Living RoomMain
- Utility RoomMain
Financial Details
Annual Taxes
$4,000
Affordability Calculator
$229,980
Estimated monthly payment
$6,120/mo
Principal $919,920 · Est. interest $1,283,370 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ocean City, NJ
- $618,627
- Median Listing Price
- 49
- Median Days on Market
- 1,398
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,269
- Active Listings
- This home’s price is 86% above the area median.
- Its price per sq ft is 137% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ocean City, NJ.
Location
Points of Interest in Ocean City, NJ
Showing the Ocean City area map.
Nearby Schools
Ocean City High School
Secondary · 0.7 mi away
Ocean City Primary School
Elementary · 0.7 mi away
Ocean City Public Schools
School · 0.8 mi away
Ocean City Intermediate School
Secondary · 0.9 mi away
Somers Point School District
Elementary · 3.0 mi away
Somers Point Board-Education
School · 3.0 mi away
Saint Joseph Regional School
School · 3.1 mi away
Jordan Road School
Secondary · 3.5 mi away
Dawes Avenue School
Elementary · 3.5 mi away
Trinity Nursery School
Elementary · 3.7 mi away
Upper Township Elementary School
Elementary · 3.7 mi away
Chartertech High School
Secondary · 3.9 mi away
Linwood Nursery School
School · 4.1 mi away
Seaview Elementary School
Elementary · 4.2 mi away
Mainland Assembly of God
School · 4.2 mi away
Linwood Public Schools
Secondary · 4.6 mi away
Mainland Regional High School
Secondary · 4.9 mi away
Union Avenue Elementary School
Elementary · 5.0 mi away
William H Ross School
Elementary · 5.6 mi away
Margate City School District
Secondary · 5.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 320 7Th St, Union City, NJ | $805,000 | 7 | 4 | — |
| 320 7TH ST, Union City, NJ | $805,000 | 7 | — | — |
| 200 Washington Ave, Clifton City, NJ | $809,000 | 5 | 4 | — |
| 935 OCEAN AVENUE 324, OCEAN CITY, NJ | $810,000 | 2 | 3 | 1,200 |
| 935 Ocean 324, Ocean City, NJ | $810,000 | 2 | — | 1,200 |
| 52 LOGAN AVE, Jersey City, NJ | $810,000 | 4 | — | — |
Moving Cost Estimate
EXIT Agents in Ocean City
Listing Courtesy: BERGER REALTY-Main