Active
712 N Baltimore Ave
Ocean City MD, 21842
$2,899,999
$689.00 per sqft
Active
3 Beds
4,209 sqft
Multi-family
Built in 1930
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.
MDWO2021364
MLSⓇ ID
June 6, 2024
Listed
September 6, 2024
Updated
Map
712 N Baltimore Ave
Ocean City MD, 21842
Interior Features
Bedrooms
3
Interior Features
Laminate
Appliances
Microwave, Electric Water Heater
Floor Description
Laminate
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.07 Acres
Architectual Style
Coastal
Roof
Shingle
Sewer
Public Sewer
School Information
School District
WORCESTER COUNTY PUBLIC SCHOOLS
High School
STEPHEN DECATUR
Other Property Details
Area Name
Ocean City
Taxes
$8,700
Tax Frequency
Annually
Days on Market
93
Garage
No
Parking
Off Street, On Street
View
Yes
View Description
Water, Ocean
County
WORCESTER
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
9/4/2024 | Price change | $2,899,999 -4% |
Listed by JOHN R. CLARK, with Taylor Properties
Listing Contact: 3015492208
The IDX display contains information sourced from the Bright MLS, Inc. as of 9/6/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 9/6/2024 at 9:41 PM UTC
