719 East 10th Street, Unit 301

Ocean City, NJ 08226

$956,000
Last Sold Price
3
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Presenting a rare investment opportunity in Ocean City, renowned as America's Greatest Family Resort! Nestled within the esteemed Impala Suites, this condominium hotel comprises three units that can be leased individually or merged, granting flexibility and maximizing rental prospects. Together, the three units encompass 3 bedrooms, 3 full baths, and a private deck in each, accommodating over 10 guests in total. This layout is ideally tailored for families or groups seeking generous and well-appointed...Presenting a rare investment opportunity in Ocean City, renowned as America's Greatest Family Resort! Nestled within the esteemed Impala Suites, this condominium hotel comprises three units that can be leased individually or merged, granting flexibility and maximizing rental prospects. Together, the three units encompass 3 bedrooms, 3 full baths, and a private deck in each, accommodating over 10 guests in total. This layout is ideally tailored for families or groups seeking generous and well-appointed accommodations. The building, constructed in 2021, is under the management of an on-site property management firm, ensuring a hassle-free experience for proprietors. The management company oversees all facets of property management, encompassing rental procurement, upkeep, and reservations, thus rendering this investment opportunity truly hands-off. The previous owner effortlessly garnered $50,000 in rental revenue last year, with projections for this season already exceeding $55,000. The Impala Suites boast full occupancy throughout the summer, underscoring their popularity and potential for substantial returns. Positioned directly at the beach and boardwalk, the units offer breathtaking ocean vistas and convenient access to the pool. Distinguished from other units in the building, these residences feature a well-illuminated entry, forgoing the inconvenience of dim hallways. Seize the chance to invest in this fully-furnished opportunity at Impala Suites in Ocean City, where prime location, luxurious amenities, and robust rental income potential converge seamlessly.
  1. Listed by Joanne Kent • Compass Real Estate-Sea Isle

Property Details for 719 East 10th Street, Unit 301

City/Community
Ocean City
Class
CONDOMINIUM
Parking - Exterior
Assigned, Off Site Parking
Waterfront (Y/N)
No

Location

Listing Courtesy of Compass Real Estate-Sea Isle

Sold By WEICHERT REALTORS ASBURY GROUP-OC

Add your commute
LISTING UPDATED: 06/03/2024 06:38 PM

Property Details for 719 East 10th Street, Unit 301

StatusSold
MLS #584297
Days on Market15
Taxes$7,572 / year
HOA Fees$555
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCONDOMINIUM / Condo
Year Built-
CountyCape May County

Location

Listing Courtesy of Compass Real Estate-Sea Isle

Sold By WEICHERT REALTORS ASBURY GROUP-OC

Add your commute

Building Information for 719 East 10th Street, Unit 301

Building/ComplexNONEFloor3Stories3Residences-Pet Policy-Year Built-

Payment Calculator

$6,403 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,217

Property Taxes

$631

HOA Dues

$555

The Payment Calculator is for illustrative purposes only.

Property Information for 719 East 10th Street, Unit 301

Summary
Location and General Information
  • Address: 719 E 10th St Street
  • Address Direction: E
  • Address Number: 719
  • Address Search Number: 719
  • Address Street: 10th St
  • Area: Ocean City/Central
  • Condo Name: NONE
  • Condo Name 2: The Impala Suites
  • County: Cape May
  • Directions: Turn right off of West Ave onto 10th St. Cross over Ocean Ave and the building is on the left.
  • Fips Code: 34009
  • Location: Beach Block, Corner, Boardwalk Area, Water View
  • State: NJ
  • Street Designation: Street
  • Unit #: 301
  • Unit Location: Pool View, See Remarks, Water View
  • Zip: 08226
Parking
  • Garage: Attached Garage
Taxes and HOA Information
  • Assoc Fee Includes: Amenities, Insurance, Maintenance, Management, Trash, See Remarks, Other Utilities, Pool
  • LVT Date: 04-18-2024
  • Management: Association, Off-Site Professionals
  • Monthly Assoc Fees: $555
  • Tax Year: 2023
  • Taxes: 7572
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 901
  • Lot #: 25
Property and Assessments
  • # of Levels in Unit: One
  • # of Stories in Bldg: Three to Five
  • Age: 2 to 5 Years
  • Also Includes: Blinds, Furnished, See Remarks, Shades
  • Associated Document Count: 4
  • Common Area Features: Deck/Porch, Elevator, Enclsd/Covered Porch, Laundromat On Site, Pool
  • Doc Timestamp: 04-18-2024
  • Improved Value: $370,000
  • Land Value: $365,000
  • New Construction: No
  • Total Assessment: 735000
  • Water: Public Water
  • Adult Community/55+: No
Utilities
  • Full Baths: 3
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Stucco
Interior Features
  • Air Conditioning: Ceiling Fan(s), Central, Electric, Multi-Zoned
  • Appliances: Disposal, Dishwasher, Electric Stove, Intercom, Refrigerator
  • Bedrooms: 3
  • Half Baths: 0
  • Heating: Electric, Forced Air, Heat Pump, Multi-Zoned
  • Other Rooms: Eat In Kitchen
  • Rooms: 3
  • Unit Features: Elevator, Foyer, Handicap Features, Hardwood Floors, Master Bath
Multi Family
Multi-Family Information
  • Limited Service (Y/N): No
Rental
Rental Information
  • Pets: Yes w/restrictions

Property History for 719 East 10th Street, Unit 301

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 719 East 10th Street, Unit 301

Taxable ValueLand$365,000Additions$370,900Total$735,900
Tax Record2022$7,572 ($631 / month)
Home Facts
Beds0Stories1StyleCondominiumCountyCAPE MAYAPN08 00901-0000-00025-0000-C301

Schools near 719 East 10th Street, Unit 301

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass Real Estate-Sea Isle

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.