Key Facts
- MLS® #: 596578
- Property ID: SIRC2452291
- Original Price: USD 799,900
- Property Type: Residential, Condo
- Bedrooms: 2
- Bathrooms: 1
- Listed By:
- Kevin McGonigle
Property Description
Welcome to Coconut Cove a Prime Investment Opportunity in Ocean City, NJ! Don’t miss this turnkey 2-bedroom, 1-bath unit located directly across the street from the iconic Ocean City Boardwalk. Coconut Cove is a high-performing rental property with a history of generating over $50,000 in annual income in the last 3 years and on course to do over $70,000 this current year. This 1200 sq ft unit comes fully furnished with themed coastal Coconut décor and brand-new luxury vinyl plank flooring throughout. Features include a bright and open living space, a private front deck/patio perfect for enjoying ocean breezes, sleeping for 5, two dedicated parking spaces — a rare find this close to the beach and an outside shower. This well-maintained unit is ideally situated in one of the East Coast’s most popular resort destinations, "America's Greatest Family Resort" Ocean City, NJ, offering easy access to guarded beaches, iconic restaurants & shopping. Also, please take note, the Coconut Cove’s sister property, The Pineapple Pad, 1312 Ocean Avenue is also for sale. Own both units together and double your rental income, enjoy built-in management systems, and give guests tenants the option to book side-by-side stays, perfect for family or group stays! It’s a rare chance to invest in a turn-key Ocean City duo that's already up and running. Whether you're looking for a strong investment or a personal getaway with excellent rental potential, Coconut Cove checks all the boxes.
Amenities
- Boating
- Central Air
- Fishing
- Golf
- Island
- Jogging/Bike Path
- Ocean / Beach
- Ocean View
- Open Porch
- Tennis
Listing Agents
- Kevin McGonigle
C. 609.226.6046
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Location
1318 Ocean Avenue, Ocean City, New Jersey, 08226 United States
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Request NowMarketed By
Goldcoast Sotheby's International Realty
200 34th Street
Ocean City, New Jersey, 08226
United States
6093992500