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
Year Built 1930
Annual Tax Amount $8,700
Tax Year 2022
Lot Size 3,250 Sqft
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
Exterior
Utilities Available Cable TV
Waterfront N
Water Access N
View Ocean
Roof Type Architectural Shingle
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard