Here comes another change to start your real estate journey in Ocean City, NJ or start creating the summer you've always wanted at America's greatest Family Resort OCEAN CITY NJ. Unit #508 is finally up for grabs! Come and see this cozy and versatile efficiency studio located on the5th floor at The Hanscom (formerly known as The Homestead). Unit #508 is perfect for personal use or as a lucrative investment property. Located just a few moments from the Ocean city beach and Boardwalk, this 212 sq ft studio offers convenience and flexibility for owners and renters alike. The studio includes a functional kitchenette, a private bathroom, a small walk-in closet, and an efficient layout ideal for beach side living or short-term rental potential. With no major rental restrictions, owners have the option to join the building's rental program, making it an excellent opportunity to generate income while enjoying all that Ocean City has to offer. Whether you are looking for a weekend retreat, an affordable easy access to the beach home away from home, or a property to add to your investment portfolio, this studio checks ALL the boxes. From being able to do laundry, to getting a storage space, and an outdoor shower makes it even more functional and easy living. Owner has added a few more pieces of furniture since pictures. Want to see how it looks now? Text or call agent for showing.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
Interior Features
- Elevator
- Laundromat On Site
- Outside Shower
- Security
- Storage Facility
- Furnished Description: Blinds, Furnished
Appliances
- Electric Stove
- Microwave
- Refrigerator
Other Rooms
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Window Units
- Heating Features: Baseboard
Exterior and Lot Features
- Elevator
- Laundromat On Site
- Outside Shower
- Security
- Storage Facility
- Road Frontage Type: Street
Homeowners Association
- Association: Yes
- Association Fee: 400
- Association Fee Includes: Electric, Insurance, Sewer, Trash, Water, Hot Water, Heat
- Calculated Total Monthly Association Fees: 400
- Pets Allowed: No pets allowed
Amenities and Community Features
- Community Features: Elevator, Laundromat On Site, Outside Shower, Security, Storage Facility
Other Property Info
- Annual Tax Amount: 314
- Source Listing Status: Active
- County: Cape May
- Directions: Over the 9th street bridge - turn left on Atlantic - turn right on 8th Street.
- Tax Year: 2024
- Source Property Type: CONDOMINIUM
- Area: Ocean City/Northend
- Property Subtype: condo
- Source Neighborhood: Ocean City/Northend
- Property Location: Beach Block, Boardwalk Area
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 212
- Year Built: 1928
- Building Name: Homestead
- Levels: One
- Property Age: 97
- Levels or Stories: Six to Ten
- House Style: Converted Motel
- Year Built Details: 25+ Years
- Elevator: Yes
Utilities
- Sewer: Public Sewer
- Water Source: Public Water