Investor's Dream in Prime Beach Town Location â Multi-Family Opportunity!! Just a block away from the beach, this multi-family gem offers exceptional income potential!! The property features three spacious units: Unit 1: 5 bedrooms, 1.5 baths. Unit 2: 4 bedrooms, 1 bath. Unit 3: Studio. With 7 parking spaces and close proximity to the ocean, this property is a rare find in a highly desirable location. Whether you're looking to rent or invest, the possibilities are endless. Donât miss out on this lucrative opportunity!!
Get ready to bring the whole family to this amazing three-story house! With 2 full kitchens, 4 bedrooms, 3 full baths, and a third floor with 3 bonus rooms, there's plenty of space for everyone. The first and second floors feature open-concept living areas with full kitchens, separate entrances, 2 bedrooms, a full bath, and large decks. The third floor has 3 bonus rooms and a full bath, providing flexibility for accommodating extra guests. You'll love the fact that there are no City taxes or HOA fees, and the lot size is 50 x 100, offering ample room for activities or boat trailer storage. Plus, there's a garage and shed for additional storage. Situated in the heart of West Ocean City's vibrant restaurant scene, you can enjoy nightly walks to dinner. Not to mention, the second-floor unit has a strong presence on Airbnb with consistent rentals over the years. Whether you want to live in one unit and rent the other, rent both units separately, or combine them into one large house, the choices are endless! Don't miss out on this incredible opportunity!
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.
Built in 1930 and with recent upgrades to modern conveniences this property consists of 3 living levels with the upper two levels containing a 3 bedroom 2.5 bath home. At ground level there are two separate entry renovated one bedroom living quarters , each with a full bath, kitchen and living room area. Private entrances for all. Property has been used by present owner and family with lower level available for guests, not used as rental for past 10-15 years but potential is there. Four private parking spaces on site. View pictures and call today. Shown by appointment only.
What else do you need? Incredible investment opportunity for a owner who would like to have 4 fully furnished and ready to rent units. Mid-town location within walking distance from all of Ocean Cities best nightlife activities! Fager's Island, Seacrets, Macky's, Taphouse....you name it, you can get there from here. Highly demanded midtown corridor, OCEAN BLOCK WITH LARGE OPEN LOT in the rear that is part of this property. Super easy commuting with bus stops out front on Coastal and FREE PARKING!!! Open lot in the rear of the building is a HUGE perc on this purchase!! COMFIRM ALL BUILDING PLANS/PERMITS for the open area via Ocean City Zoning if that is your clients wishes. All items including roof, hvac, full interior of all units have all been renovated and newer appliances within the last 5 years! 100 yards off the sandy beaches and with this property, you will NEVER have to cross Coastal Highway to get to the beach safely! This is a PRIME opportunity for one lucky buyer! Good luck and schedule your showing sooner than later!!!
Ocean City is located in Maryland. Ocean City, Maryland has a population of 6,869. Ocean City is less family-centric than the surrounding county with 10.11% of the households containing married families with children. The county average for households married with children is 22.21%.
The median household income in Ocean City, Maryland is $58,563. The median household income for the surrounding county is $71,262 compared to the national median of $69,021. The median age of people living in Ocean City is 56.2 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 28.2 degrees. The average rainfall is approximately 44 inches per year, with 8.3 inches of snow per year.
