719 East 10th Street, Unit 301302303

Ocean City, NJ 08226

$969,900
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.

Listing Agent

  1. Joanne Kent

    Joanne Kent

    Listing Agent

    Compass

Property Details for 719 East 10th Street, Unit 301302303

MLS #
241110
DOM
0
Class
CONDO/TOWNHOUSE
Location
Beach Block, Corner, Water View
Sale/Rent
For Sale
Type
Condo

Location

Add your commute
LISTING UPDATED: 04/18/2024 12:18 PM

Property Details for 719 East 10th Street, Unit 301302303

StatusActive
MLS #241110
Days on Market13
Taxes$7,572 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCONDO/TOWNHOUSE / Condo
Year Built-
CountyCape May County

Location

Add your commute

Building Information for 719 East 10th Street, Unit 301302303

Building/Complex719 E 10th StFloor-Stories1Residences-Pet Policy-Year Built-

Payment Calculator

$5,924 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,293

Property Taxes

$631

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 719 East 10th Street, Unit 301302303

Summary
Location and General Information
  • Area: Ocean City
  • Address Number: 719
  • District - Township: 08-Ocean City
  • SEASONAL/YEAR ROUND: YEAR ROUND USAGE
  • Address Search Number: 719.0
  • Address Direction: E
  • Address Street: 10th
  • Address 2: Impala Suites #'s 301, 302, 303
  • City: Ocean City
  • Street Designation: Street
  • Beach Proximity: 1 Block
  • Address: 719 E 10th Street
  • Status: ACTIVE
  • State: NJ
  • Zip: 08226
  • Status Detail: 0
  • Number of Stories: One
Taxes and HOA Information
  • Taxes: $7,572.41
  • Condo Fee: 555
  • Tax Year: 2023
Parking
  • Parking: Garage,Attached,Assigned Parking,Other
Property
Lot Information
  • New Construction Y/N: No
  • Lot Number: 25
  • Block Number: 901
Property and Assessments
  • May B Sub to 3rd pty Appr: No
Utilities
  • Heating: Electric, Forced Air
  • Cooling: Central Air, Electric, Ceiling Fan, Multi Zoned
  • Hot water: Electric
  • Water: Public
  • Sewer: Public
Interior and Exterior Features
Interior Features
  • Other rooms: Living Room, Kitchen, Storage Space
  • Total Baths: 3.0
  • Full Baths: 3
  • Bedrooms: 3
  • Lavs: 0.0
  • Unit Features: Handicap Features,Hardwood Floors,Elevator,Foyer,Tile Floors
  • Appliances Included: Refrigerator, Dishwasher, Disposal, Smoke/Fire Detector, Stainless Steel Appliance
  • Common Area features: Elevator,Patio,Deck/Porch,Enclosed/Cov. Porch,Pool,Other (See Remarks),Laundry Room
  • Also Included: Drapes, Curtains, Shades, Blinds, Furniture
Exterior Features
  • UNIT LOCATION: Corner, Other (See Remarks), Pool View, Water View

Property History for 719 East 10th Street, Unit 301302303

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 719 East 10th Street, Unit 301302303

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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719 East 10th Street, Unit 301302303 is a condo for sale in Ocean City, NJ 08226. This property was listed for sale on April 18, 2024 by Compass, it's currently listed at $969,900. This listing's school district is Ocean City School District. Nearby schools include Ocean City Primary School, Ocean City Intermediate School and Ocean City High School. 719 East 10th Street, Unit 301302303 is a 3-bed, 3-bath, condo.

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.

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.