Active

1122 Ocean 1st Floor Ave #1

Ocean City, NJ 08226

$1,199,000 $5,055/Mo

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Overview

Bed

Bath

1,165

Sqft

Description

INVESTOR SPECIAL - BEST INVESTMENT ON ISLAND FOR INCOME PRODUCING PROPERTY BY 2X- $103,000 IN INCOME Showings-- Saturdays 11am to 1pm--WELCOME to 1122 Ocean Ave —an exceptional first-floor 3-bedroom, 2-bathroom condo delivering strong, consistent cash flow in one of Ocean City's most desirable beach block locations, just steps from the boardwalk and beach. Sold Fully furnished and turnkey, these properties ready for enjoyment as a vacation home or as an income producing rental. The interior features high ceilings and an open, airy layout filled with natural light, creating a bright and welcoming space for owners and guests alike. The first-floor location adds everyday convenience and accessibility. Recent improvements include new 2026) a new roof (2023). Renovated bathrooms and fresh paint throughout offering a clean modern coastal feel with low maintenance for years to come. Additional highlights include an outdoor shower, on-site storage unit, pet friendly policies, and the unbeatable convenience of being steps to. the beach. - all features renters and owners value highly. This property is already set up for immediate income, Just step in and start receiving and generating income from day one! The numbers speak for themselves with $103,000 in rental income for 2025 and $85,000+ already secured for 2026 with additional upside income to follow. The is almost double the income of similar priced condo's .With repeat renters, established bookings and a proven year round track record , this is a Plug and play investment Condition, Location, price and Income - this condo checks every box. Don't miss the opportunity to own a prime turnkey property in one of Ocean City's most sought out locations. Double the income of similar priced rental properties!

Property Details

Property Type : Residential

Price : $1,199,000

AD Id : 76701988

MLS Id : 606131

Beds : 3

Living Area Size : 1,165

Year Built : --

Garage : 2

County : Cape May

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Full Baths: 2

Room Information

Rooms Total: 8
Interior Features

Appliances: Dishwasher, Dryer, Electric Cooktop, Refrigerator, Microwave, Washer, Electric Water Heater, Disposal
Heating & Cooling

Has Heating: Yes Heating: Electric, Forced Air, Heat Pump Has Cooling: Yes Cooling: Central Air

Building Information

Construction Materials: Stone, Vinyl Siding Private Pool: No

Listing Price Information

Listing Price: $1199000 Original Price: $1300000

Tax Information

Annual Tax: $4000

Garage Information

Has Garage: Yes Garage Space: 2 Pets Allowed: Yes

Location Information

WaterSource: Private

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
323 Ocean Ave #3, Ocean City, NJ, 08226	$699,000	1	1	--
323 Ocean Ave #2, Ocean City, NJ, 08226	$1,095,000	5	2	2,004	2,004 SqFt
145 E Atlantic Blvd #B, Ocean City, NJ, 08226	$2,499,900	5	4	2,026	2,026 SqFt
900 Wesley #203 Ave #203, Ocean City, NJ, 08226	$257,500	--	1	296	296 SqFt
322 Boardwalk #318, Ocean City, NJ, 08226	$1,199,000	2	2	1,100	1,100 SqFt
322 Boardwalk #514, Ocean City, NJ, 08226	$995,000	2	2	1,080	1,080 SqFt
322 Boardwalk #514, Ocean City, NJ, 08226	$995,000	2	2	1,102	1,102 SqFt
906 Pennlyn Pl #8, Ocean City, NJ, 08226	$1,600,000	3	2.5	1,818	1,818 SqFt
322 Boardwalk #514 #514, Ocean City, NJ, 08226	$995,000	2	2	1,080	1,080 SqFt
322 Boardwalk #300, Ocean City, NJ, 08226	$1,350,000	2	2	1,260	1,260 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the South Jersey Shore Regional MLS. IDX information 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 South Jersey Shore Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/16/2026 @ 18:32

MLS: 606131 LISTED BY: JOHN GREINER, BERGER REALTY-Main SOURCE: South Jersey Shore Regional MLS