1520 New Jersey Avenue, Cape May NJ

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1520 New Jersey Avenue, Cape May, NJ - Sold

Sold Price: $532,000 | Sold Date: 03/20/2026

Beds: 1 Baths: 1

Type: Condo

DOM: 127 Days

PROPERTY DESCRIPTION

Summer 2026 is closer than it looks, and this is your chance to secure a beach block updated condominium unit within the sought-after Cape Roc Condos before the seasonal rush begins! This first-floor, one-bedroom, one-bathroom unit offers the perfect blend of relaxation and convenience with Cape May s pristine beaches conveniently nearby. Step inside to find a turnkey, move-in-ready space, sold fully furnished to ensure immediate enjoyment. The efficient floorplan features a rear bedroom with two beds, ample storage space, and a south-facing window with excellent natural lighting. A full bathroom with a shower tub combo is centrally located between the bedroom and the main living space. The main living space features a dining area, a full kitchen, an entertainment space, and additional sleeping capacity via a pullout sofa and daybed. Cape Roc Condominiums provide an array of desirable amenities, including a heated swimming pool, on-site gas grills, dedicated off-street parking, spacious patios for outdoor enjoyment, and secure bike racks. Imagine savoring ocean breezes while grilling poolside or embarking on an evening bike ride to Cape May's vibrant downtown, filled with exquisite restaurants and unique shops. This well-maintained unit offers an exceptional investment opportunity, boasting a strong rental history dating back to 2022. Peak summer weeks command up to $2,200 per week in rent, and the property achieved an estimated $21,910 Gross Rental Income in 2025. This flexibility allows for personal use, rental income, or a perfect blend of both. Condo fees are reasonable at $1,125 paid quarterly, covering hot and cold water, exterior maintenance, pool upkeep, main building property insurance, and trash recycling services. The shared on-site laundry rooms for Cape Roc were recently updated and are conveniently located on each level. Owners are responsible for electric, cable, and internet for their condo unit. The community is pet-friendly for owners, but renters are not permitted to bring pets. There is a one-time capital contribution fee of $1,125 and a $250 condo association package for new unit owners. There is a special assessment approved for 2026 to fund capital improvements, specifically replacing the elevators and installing new railings. The assessment is equivalent to four months of each unit's regular condo fees. For Unit 117, this total assessment equals $1,500 and an extra $375 will be due with each quarterly condo fee starting Q1 2026. Act now to have your keys in hand before the first warm weekend of the year this paradise won't stay on the market long. Schedule your showing today to beat the summer crowd! Take a 3D Walkthrough Tour here https my.matterport.com show m=UGmA49S6HAN&mls=1

PROPERTY FEATURES

Living Room
Kitchen
Dining Area
Range
Oven
Microwave Oven
Refrigerator
Smoke/Fire Detector
Heating:Electric
Heating:Forced Air
1 Car
Heater:Gas
Heater:Other Hot Water
Cooling:Central Air
Cooling:Ceiling Fan

PROPERTY MAP VIEW

ADDITIONAL PROPERTY PICTURES

Let MIKE WILSON WITH CENTURY 21 ALLIANCE be your buyer agent for this listing. Listing is provided by COASTLINE REALTY, LLC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.