MLS® ID: 527720
5234 Central Ave
Ocean City, New Jersey, 08226-0000 $650,000
Ocean views from third floor bedroom and second floor master bedroom. The first floor views are not there because the sand dunes on the beach were raised after Sandy. Located steps to the 53rd street life guarded beach. Major renovation 2000. Gutted with new HVAC, new electrical, new hardwood flooring and wall to wall carpet installed. New insulation, drywall and paint were completed. New second floor fiberglass deck with awning off master bedroom, new fiberglass covered front porch and new rear pressure treated deck with awnings installed. New kitchen with appliances, two new bathrooms installed. We have owned the home since 1991 never rented the home until summer of 2019. We decided to try our luck renting in June of 2019. We rented out four weeks, last 2 weeks of July and first 2 weeks of August for an average of over $3000 per week. Next year we expect that we will be able to rent out the home for 8 to ten weeks and earn from $24,000 to $30,000 in rents. We will begin marking the home in December 2019. The home is well located, close to restaurants and shopping but not too close. Enjoy wonderful summer days on the beach, sitting on your breezy porch with cable TV and wifi included. Parking for four cars on back lot. The perfect vacation place and the boardwalk is a short drive away. The trolley picks up passengers at the 53rd and Central Street corner and runs until midnight if you don't want to drive to the boardwalk.