5 months on rocket

715 E 8th St E, Ocean City, NJ, 08226

$2,350,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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715 E 8th St E, Ocean City$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned, None
HeatingForced Air, Natural Gas
CoolingCentral Air
WaterfrontSee Remarks
ViewSee Remarks, Pool
Private PoolYes
MLS #580180
StatusActive

About 715 E 8th St E

Fabulous FOUR (4) UNITS in this Multifamily/Mixed-Use Investment Opportunity can be purchased altogether. SUPREME RENTAL INCOME POTENTIAL - as its ideally located in the heart of Ocean City's cash cow hospitality zone, just one short block from BEACH & BOARDWALK, and a few short blocks to Ocean City's bustling downtown shopping district! MODERN, NEW & CHIC - plus pool privileges included! Each of these four vacation units (Units B, C, D & E) consists of a brand newly renovated 2-Bed/2-Bath residential condo, and boasts brand-new white kitchen cabinetry, SS appliances, beautifully tiled baths, washer/dryer, hardwood floors throughout and large back deck - SIMPLY PERFECT BEACH CONDOS - and all are ready to go for Summer of 2024! As a bonus to the sale of residential units, seller will offer owner a contract for pool privileges for all owners, guests and prospective tenants directly across the street at the Forum Hotel and assigned parking for residential unit owners. Plus, seller's contractors will frame out bedroom closets in buyer's desired location(s) prior to closing once you decide on your own bedroom layout. Fantastic opportunity to buy your vacation coastal getaway condo in one of the very best Ocean City rental income spots like this one doesn't come around often, so ACT FAST! Make an offer and close before Memorial Day!

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Oven, Microwave, Refrigerator, Washer
  • Basement: No

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: See Remarks
  • View: See Remarks, Pool
  • Exterior: Deck, In Ground Pool, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, None

Lot Features

Lot Information:

  • Lot: Sidewalk

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Ocean City High School, Public District Grades 9-12
  • Ocean City Intermediate School, Public District Grades 4-8

Other

Directions Information:

  • Directions: 9th St Bridge, left on Bay, right on 8th, on left before Atlantic Ave, 1 Block to beach

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
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Housing Market Comparison

See how this home compares to others in Ocean City, NJ.

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Ocean City, NJ

City

Med. Sold Price

$979K

Med. Price/SqFt

$688

Avg. Days On Market

66

# of Sold Homes

49

715 E 8th St E vs Ocean City

179 DAYS ON ROCKET

+113 Days

$2,350,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #580180

Listing Office:

  • Office Name: Keller Williams Realty Jersey Shore-Ocean City
  • Office Phone: (609) 399-5454

Broker Reciprocity Disclaimer: 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 (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 7:20:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4334469
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.23 miles

  • Public District Grades 4-8

High School

school-card-donut-4334470
7
/10

  • Ocean City High School

  • 501 Atlantic Ave

  • 0.27 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,423. Typical income of Ocean City, NJ residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›715 E 8th St E

This home is located at 715 E 8th St E in Ocean City, NJ and zip code 08226. It has been listed on Rocket Homes since December 01, 2023 and is currently priced at $2,350,000.

In April 2024 more than 5 listings in Ocean City, NJ were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 28 were sold below. Between March 2024 and April 2024, Ocean City, NJ real estate market has seen increase in the number of listings by 4.3%. In April 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $979,000.

From Rocket Homes Real Estate and based on county public records data.

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