$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
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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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