New Listing
806 Delancey Pl,OCEAN CITY, NJ 08226
OCEAN CITY, NJ 08226
Description
RARE INVESTMENT OPPORTUNITY - PRIME NORTH END ISLAND LOCATION! Just steps from the beach and boardwalk, this exceptional Tri-Plex presents a rare opportunity in a highly desirable island location! Whether you're looking to maximize rental income by leasing all three units, enjoy your own coastal retreat while renting the other two units, or explore the potential for a complete teardown and new construction, this property offers incredible versatility for investors, builders, and buyers alike. The property features three separate units: the main-level unit offers two bedrooms and one full bath; the second-floor unit features two bedrooms and one full bath; and the third-floor studio includes a bedroom and full bath. Each unit boasts its own family room, full kitchen, and dining area. All three units are fully furnished and equipped and have enjoyed a strong rental history, having been fully rented over the past several years. Additional features include newer fiberglass decks for each unit, gas heat, central air conditioning, hardwood flooring, newer roof and siding, and a washer and dryer in each unit. All three units are separately metered for gas and electric, with water expenses split equally among the tenants. The possibilities are endless with this unique property in a PRIME LOCATION! Whether you envision an income-producing investment, a personal beach getaway, or a future redevelopment opportunity, this is an offering you won't want to miss. Showings are easy to schedule, with only the third-floor unit currently occupied. Opportunities like this are rare-schedule your private tour today!
Details
| MLS # | NJCM2008402 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 4 |
| Listing Provided By | BHHS Fox & Roach-Medford | Carol C Latti |
Features
| SQ Feet | 1,565 |
|---|---|
| Units | 1 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Programmable Thermostat, Radiator |
Exterior
| Construction Materials | Frame |
|---|---|
| Foundation Details | Crawl Space |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5040 |
|---|
Area Information
| State | NJ |
|---|---|
| County | CAPE MAY NJ |
| City | OCEAN CITY |
| Zip Code | 08226 |
| Area | Ocean City City (20508) |
| School District | OCEAN CITY SCHOOLS |
| Listing VS Median (in 08226) | |
Price: $1,400,000 low | high Med: $1,474,000 sqft: 1,565 low | high Med: 2,840 $ / sqft: $895 low | high Med: $610 On site: 4 low | high Med: 131 | |
Market Activity 08226
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Learn More About This Property
| State | NJ |
|---|---|
| County | CAPE MAY NJ |
| City | OCEAN CITY |
| Zip Code | 08226 |
| Area | Ocean City City (20508) |
| School District | OCEAN CITY SCHOOLS |
| Listing VS Median (in 08226) | |
Price: $1,400,000 low | high Med: $1,474,000 sqft: 1,565 low | high Med: 2,840 $ / sqft: $895 low | high Med: $610 On site: 4 low | high Med: 131 | |