1 month on rocket

1420-22 Central Ave, Ocean City, NJ, 08226

$2,095,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,500 SqFt
$466/SqFt
Multi

Location

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1420-22 Central Ave, Ocean City$2,095,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Pad, Three or More Cars
Year Built1920
HeatingBaseboard, Natural Gas, Hot Water, Zoned, Other
CoolingWindow Unit(s)
BasementYes
WaterfrontSee Remarks
ViewSee Remarks
MLS #589450
StatusActive

About 1420-22 Central Ave

GREAT INVESTOR OPPORTUNITY! Centrally located apartment building with 8 apartments in the heart of Ocean City! 1420 Central (5 apartments): 1st floor front: 1 bedroom 1 bath - 85% complete, 1st floor rear: Efficiency - 100% complete, 2nd floor: 2 bedroom 1 bath - renovations completed, 3rd floor: 1 bedroom 1 bath - 100% complete, 4th floor: 1 bedroom 1 bath + loft 75% complete. 1422 Central (3 apartments): 1st floor: 2 bedroom 1 bath - renovations completed, 2nd/3rd floor: 4 bedroom 2 bath - renovations completed, 4th floor: 2 bedroom 1 bath - 85% complete. 40 x 100 lot size. Being sold in "as is" condition! Great Rental Potential! Great Location! Great Value! See you on the Beach!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 4,500 SqFt

Listing Office:

  • Office Name: BHHS FOX and ROACH-Simpson OC
  • Office Phone: (609) 399-0041

Interior Features

Interior Information:

  • Appliances: Disposal, Dishwasher, Gas Oven, Refrigerator, Self Cleaning Oven
  • Basement: Yes

Exterior Features

Exterior Information:

  • Waterfront: See Remarks
  • View: See Remarks
  • Exterior: Curbs, Deck, Sidewalks

Parking Information:

  • Attached Garage: No
  • Parking: Parking Pad, Three or More Cars

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water, Zoned, Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: 14th & Central bay side

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,095,000
  • Price Per SqFt: $466/SqFt
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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

$888.1K

Med. Price/SqFt

$689

Avg. Days On Market

36

# of Sold Homes

62

1420-22 Central Ave vs Ocean City

51 DAYS ON ROCKET

+15 Days

$2,095,000

+$1.2M More

$466/SqFt

-$223 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $223/SqFt less than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #589450

Listing Office:

  • Office Name: BHHS FOX and ROACH-Simpson OC
  • Office Phone: (609) 399-0041

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: 11/17/2024, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,347

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.

Nearby Schools

school-card-donut-375798
5
/10

  • Upper Township Elementary School

  • 50 N Old Tuckahoe Rd

  • 3.54 miles

  • Public District Grades 3-5

school-card-donut-375799
5
/10

  • Ocean City Primary School

  • 550 West Ave

  • 5.72 miles

  • Public District Grades PK-3

school-card-donut-375800
2
/10

  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 7.76 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,000. Typical income of Ocean City, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›1420-22 Central Ave

This home is located at 1420-22 Central Ave in Ocean City, NJ and zip code 08226. This 4,500 square foot home was built in 1920. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $2,095,000.

In October 2024, from all listings sold in Ocean City, NJ there were more than 12 sold above asking price, over 31 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Ocean City, NJ between September 2024 and October 2024 increased by 6.2%. In October 2024 median list price was $888,150 and the average listing age was 36 days.

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

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