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$2,999,999

Beds
12
Baths
6.0
sq ft
4,209

712 N Baltimore Ave, Ocean City, MD 21842

712 N Baltimore Ave

OCEAN CITY, MD 21842

  • 20 days on market
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! 2024 rentals have just begun and there is currently $222,497.34 on the books. 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.

Details

Property type

Townhouse

Lot size

3,250 sq ft

Price per sq ft

$713

Year built

1930

Annual property taxes

$8,700

HOA

No

Price History

06/06/2024

Bright #MDWO2021360

Listed
$2,999,999

Schools & Community

Neighborhood: 

Boardwalk/Inlet

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

STEPHEN DECATUR

School district: 

WORCESTER COUNTY PUBLIC SCHOOLS

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

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Status: Active

Tomo last checked: 06/26/2024 at 2:50 PM

Listing updated: 06/09/2024 at 12:03 PM

Listed by: JOHN R. CLARK, Taylor Properties Phone #: (301) 970-2447

MLS: Bright #MDWO2021360

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