712 N BALTIMORE AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Ocean City,MD 21842
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,209 sqft
Price per Sqft $665
Subdivision None Available
MLS Listing ID MDWO2021360
Style Coastal
Bedrooms 12
Full Baths 6
HOA Y/N N
Abv Grd Liv Area 4,209
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $8,700
Tax Year 2022
Lot Size 3,250 Sqft
Acres 0.07
Property Description
Here is your opportunity to own one of only a few properties in Ocean City that can accommodate 40 guests under one roof!! This property is a multi-family building that has been completed renovated in downtown Ocean City. Set up as a duplex with 6 bedrooms, 3 bathrooms, 2 kitchens, and 2 laundry rooms on each side! Each side comfortably sleeps 20 guests. Combined, this property has 12 bedrooms, 6 bathrooms, 4 kitchens and 4 baths; sleeping 40 total! Maintenance free exterior with cedar siding and composite decking/vinyl rails. Currently the property is used as a duplex, but has the option for a lockout basement, making 4 total units if desired. Brand new HVAC throughout in 2022. This property consistently brings in > $300,000 in rental income each year! There are still a lot of holes to fill in the calendar and we are currently at $318,226 on the books for this season. This house prints money!! If interested in using this property as a rental, the current property management company charges 12% of the nightly rate if the new owner has interest in continued rental success and a seamless transition. 2024 Rentals must be honored.
Location
State MD
County Worcester
Area Ocean Block (82)
Zoning R-3
Interior
Hot Water Electric
Heating Central
Cooling Ductless/Mini-Split,Central A/C
Flooring Laminated
Fireplaces Number 2
Equipment Built-In Microwave
Fireplace Y
Appliance Built-In Microwave
Heat Source Electric
Exterior
Utilities Available Cable TV
Water Access N
View Ocean
Roof Type Architectural Shingle
Accessibility None
Garage N
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 3
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Senior Community No
Tax ID 2410033705
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Financing Conventional,Cash
Special Listing Condition Standard