1140 Simpson Ave new Save Request In-Person Tour Request Virtual Tour
Ocean City,NJ 08226
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 596457
Bedrooms 2
Year Built 1952
Annual Tax Amount $1
Tax Year 2025
Property Sub-Type Duplex
Property Description
This newly renovated duplex is the Northside unit of a two-building condominium, which includes 2 duplexes connected by a breezeway. The Northside duplex features a spacious two-bedroom, one-bathroom unit on the second floor with all-new amenities, including a heat pump and central air conditioning. The new kitchen is outfitted with quartz countertops, stainless steel appliances, and vinyl flooring that runs throughout the unit. The bathroom boasts a walk-in tiled shower and double sinks, offering both style and functionality. The first floor offers a separate one-bedroom, one-bathroom unit with epoxy floors, new kitchen with stainless steel appliances and quartz countertops, and a mini split system providing both heat and air conditioning. The property includes a one-car garage and off-street parking for three or more vehicles. Recent updates to the building include a new roof, windows, vinyl siding, electrical, plumbing and heating and air. This duplex is being sold fully furnished and fully equipped including blinds and tvs, making it an excellent turnkey opportunity for investors or those looking for a second home. Current bookings are in places for the 2025 rental season. In 2024, the combined summer and winter rental income for both units approached $65,000, highlighting the property's strong income potential.
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Central
Location Details Corner
Rooms
Other Rooms Dining Area,Eat In Kitchen
Basement Slab
Interior
Heating Electric
Exterior
Exterior Feature Masonry/Block,Vinyl
Parking Features Attached Garage,Auto Door Opener,One Car
Building
Sewer Public Sewer
Water Public
Others
Senior Community No