806 DELANCEY PL, Ocean City, NJ 08226
Listed by Carol Latti • BHHS Fox & Roach-Medford
$1,400,000
Est. payment /mo
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1,565 SqFt
New

806 DELANCEY PL Ocean City, NJ 08226

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Zack Grimmer

Zack Grimmer

+1(215) 667-0238

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,565 sqft

Price per Sqft $894

MLS Listing ID NJCM2008402

Style Traditional

Abv Grd Liv Area 1,565

Year Built 1920

Annual Tax Amount $5,040

Tax Year 2025

Lot Size 1,250 Sqft

Acres 0.03

Property Sub-Type Detached

Source BRIGHT

Property Description

RARE INVESTMENT OPPORTUNITY – PRIME NORTH END ISLAND LOCATION! Just steps from the beach and boardwalk, this exceptional Tri-Plex presents a rare opportunity in a highly desirable island location! Whether you're looking to maximize rental income by leasing all three units, enjoy your own coastal retreat while renting the other two units, or explore the potential for a complete teardown and new construction, this property offers incredible versatility for investors, builders, and buyers alike. The property features three separate units: the main-level unit offers two bedrooms and one full bath; the second-floor unit features two bedrooms and one full bath; and the third-floor studio includes a bedroom and full bath. Each unit boasts its own family room, full kitchen, and dining area. All three units are fully furnished and equipped and have enjoyed a strong rental history, having been fully rented over the past several years. Additional features include newer fiberglass decks for each unit, gas heat, central air conditioning, hardwood flooring, newer roof and siding, and a washer and dryer in each unit. All three units are separately metered for gas and electric, with water expenses split equally among the tenants. The possibilities are endless with this unique property in a PRIME LOCATION! Whether you envision an income-producing investment, a personal beach getaway, or a future redevelopment opportunity, this is an offering you won't want to miss. Showings are easy to schedule, with only the third-floor unit currently occupied. Opportunities like this are rare—schedule your private tour today!

Location

State NJ

County Cape May

Area Ocean City City (20508)

Interior

Hot Water Natural Gas

Heating Programmable Thermostat, Radiator

Cooling Central A/C

Inclusions All blinds and window treatments, all appliances, all furniture, furnishings

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Accessibility None

Total Parking Spaces 1

Garage N

Private Pool No

Building

Foundation Crawl Space

Above Ground Finished SqFt 1565

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Ocean City Schools

Others

Tax ID 08-00205-00003

Ownership Fee Simple

SqFt Source 1565

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Zack Grimmer

Zack Grimmer

Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849

+1(215) 667-0238

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806 DELANCEY PL