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Off market
  • Tax assessed value
    $1,910,400

    1312-18 Ocean Ave, Ocean City, NJ 08226

    --beds
    0baths
    6,936sqft
    MultiFamily
    Built in 2002
    -- sqft lot
    $-- Zestimate®
    $275/sqft
    $3,480 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,480/mo

    Zestimate® history
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    What's special

    LOCATION! LOCATION! LOCATION! This income producing 4plex is situated ACROSS from the beach and boardwalk! Step into this oversized property situated on a 50x135 lot, which features 4 units. There are two first floor units which feature 2 bedrooms, 1 full bathroom, living room, dining area and kitchen each. The second and third floor units each feature, 4 Bedrooms with 3 full bathrooms, 2 are ensuite with an open layout, spacious dining room, kitchen with breakfast bar that leads to the living room. Amenities include newer carpeting, tile flooring, gas fireplace, gas heat and central air. The Second and Third Floor units also feature a rear porch and incredible front porch to soak up the ocean views, boardwalk and salt air! Exterior highlights include, rear alley access, parking for eight and outside showers. The property is being sold fully furnished and carries excellent rental history! Incredible location and incredible price! The projected 2020 Rental income potential for all units totals to $236,245! Each individual unit's projected 2020 rental income: Unit 1312- $40,100 Unit 1318- $40,100 Unit 1314- $79,225 Unit 1316 -$76,820 *NOTE* IN MOST CASES WE ARE STILL AVAILABLE TO SHOW PROPERTIES. IN ADDITION, WE ARE ABLE TO FACILITATE SHOWINGS VIRTUALLY TO SUPPORT SOCIAL DISTANCING VIA FACETIME OR VIDEO CALLS. 2020-06-09

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    Features
    • Windows: Blinds, Drapes, Curtains
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 6,936 sqft

    Property

    Parking
    • Total spaces: 3
    Features
    • Patio & porch: Deck, Patio, Porch
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Boardwalk Area, Beach Block
    Lot
    • Size: 6,751 Square Feet
    Details
    • Parcel number: 0801302000000013

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    Condition
    • Year built: 2002

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $275/sqft
    • Tax assessed value: $1,910,400
    • Annual tax amount: $18,684
    • Inclusions: Blinds, Curtains, Furnished, Drapes
    • Road surface type: Sidewalks

    Price history

    DateEventPrice
    7/1/2020Listing removed$2,999,000$432/sqft
    Source: BHHS Fox & Roach Avalon 28th #534122 Report a problem
    2/19/2020Listed for sale$2,999,000+1940.1%$432/sqft
    Source: BHHS Fox and Roach-Avalon #534122 Report a problem
    4/21/1994Sold$147,000$21/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2021$18,684 +1.1%$1,910,400
    2020$18,474 +0.9%$1,910,400
    2019$18,302 $1,910,400
    2018$18,302 +5.6%$1,910,400
    2017$17,327 +1.3%$1,910,400
    2016$17,098 +1.5%$1,910,400
    2015$16,850 +4.8%$1,910,400
    2014$16,086 -0.9%$1,910,400 -11.5%
    2012$16,235 +2.6%$2,158,900
    2011$15,825 +3.8%$2,158,900
    2010$15,242 +4.4%$2,158,900
    2009$14,594 -13.3%$2,158,900
    2008$16,827 +3.1%$2,158,900 +28.3%
    2007$16,322 $1,682,700
    2006-- $1,682,700
    2005-- $1,682,700
    2004$16,322 $1,682,700
    2003-- $1,682,700
    Find assessor info on the county website

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
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