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840 Ocean Avenue, Ocean City

$179,900   | Active

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Type: Condo | Bedrooms: 1 | Bathrooms: 1 | Half Baths: 0 | 0 Days on Market | MLS: 607900

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DESCRIPTION

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RENTAL POWERHOUSE! 2023 Income was $23,623.81, 2024 Income was $24,513.17, 2025 Income was $25,746. After all expenses, this unit generated $9,468.99 in 2025 net profits, generating a 5.25% return on invested dollars with a cash purchase, before factoring in tax write-offs and increased value due to inflation & market conditions. Unit 14 @ The "Sifting Sands" Condo Motel. 100% gutted, remodeled, improved & refurnished 2023, all new interior.. New "All-in-One" Kitchen, micro, frig freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled throughout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo motel ownership in '04. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (21 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100 mo + -), property taxes & interior contents liability insurance ($500 yr + -). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests.

AMENITIES

  • Electric Stove   
  • Microwave   
  • Refrigerator   
  • Heating:Baseboard   
  • Heating:Electric   
  • Heater:Gas  
  • Cooling:Electric  
  • Cooling:Wall Units  
  • Public Sewer  

PROPERTY LOCATION / MAP

Last Database Update: 06/04/2026
Illustration of a gapListing Courtesy of Fox Real Estate-Ocean.
© 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Monihan Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
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840 Ocean Avenue, Ocean City
For Sale: $179,900
MLS: 607900

Bed:1 | Bath:1 LOT: | DOM:0
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Office Location - 3201 Central Avenue, Ocean City New Jersey
3201 Central Avenue
Ocean City, NJ
609-399-0998
Monihan Realty - Ocean City New Jersey
Office Location - 717 Battersea Road, Ocean City New Jersey
717 Battersea Road
Ocean City, NJ
609-399-1311
 
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