Under contract
ACTIVE UNDER CONTRACT
712 N Baltimore Ave
Ocean City MD, 21842
$2,799,999
$665.24 per sqft
Under contract
ACTIVE UNDER CONTRACT
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
November 22, 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
130
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 |
---|---|---|
10/13/2024 | Under contract | — |
10/11/2024 | Price change | $2,799,999 -4% |
9/4/2024 | Price change | $2,899,999 -4% |
Listed by Taylor Properties
Listing Contact: 3015492208
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Data last updated on 11/22/2024 at 4:07 AM UTC