712 N BALTIMORE AVE, Ocean City, MD 21842 – MDWO2021364

Ocean City, MD 21842,712 N BALTIMORE AVE

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$2,799,999

Est. payment - /mo

4,209 SqFt

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UPDATED:

10/13/2024 06:43 PM

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 MDWO2021364

Style Coastal

Abv Grd Liv Area 4,209

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $8,700

Tax Year 2022

Lot Size 3,250 Sqft

Acres 0.07

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

Fireplace Y

Appliance Built-In Microwave

Heat Source Electric

Exterior

Utilities Available Cable TV

Water Access N

View Ocean

Roof Type Architectural Shingle

Accessibility None

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Coastal

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Tax ID 2410033705

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Listed by JOHN R. CLARK • Taylor Properties

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262