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$ 399,900
Est. payment | /mo
1 Bed
1 Bath
$ 399,900
Est. payment | /mo
1 Bed
1 Bath
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 598495
Bedrooms 1
Full Baths 1
Annual Tax Amount $2,569
Tax Year 2024
Property Sub-Type Condo
Property Description
Beautiful ocean view condo with a renovated bath and kitchen including granite countertops. This spacious & pristine condition condo is larger than the standard Flanders one bedroom suite offering a unique floor plan. Fully furnished and equipped, has a great rental history (2024 gross rental income $27,000.00). The FLANDERS Condominium Hotel is perhaps the best known, best run "condotel" in all of Ocean City. This beautiful boardwalk fronted building is steeped in tradition. It has been a part of the Ocean City skyline for over 100 years. She offers all the conveniences of Hotel Living with daily check-ins via the front desk, daily maid & linen service and concierge service. Resort style amenities include a heated pool, fitness room, onsite restaurant, banquet center, spa and gift shop. Condo fees include water, sewer, flood & building insurances, cable TV, phone, WiFi and common area maintenance. All rentals must go through the Flanders on-site rental program, no outside rentals permitted. Year-round residency is not permitted at The Flanders. City Ordinance restricts owner usage to 200 nights per year. If participating in the rental program, owner usage from mid-June through Labor Day is limited to 14 nights plus an additional 186 nights throughout the remainder of the year. If not participating in the rental program owners can stay any 200 nights per year. Working Capital Buy-In fee of $1250.00 due from buyer at closing. See Associated Docs for Seller Property Disclosure, Lead Based Paint Disclosure, income and expense reports. Also see agent remarks:
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Boardwalk Front
Rooms
Other Rooms Dining Area
Interior
Heating Electric, Forced Air
Exterior
Exterior Feature Brick, Stucco
Parking Features None
Building
Story Eleven or More
Unit Location Water View
Sewer Public Sewer
Water Well
Others
Senior Community No
Listed by Fox Real Estate-Ocean
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