712 N BALTIMORE AVE
712 N BALTIMORE AVE
NONE AVAILABLE
OCEAN CITY, MD 21842
MLS Number: MDWO2021360
$2,999,999
Beds: 12
Baths: 6
Beds: 12
Baths: 6
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 $301,394.71 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.
General Details
- Bedrooms: 12
- Bathrooms, Full: 6
- Lot Area: 3,250
- County: WORCESTER
- Year Built: 1930
- Sub-Division: NONE AVAILABLE
- Area: 4209
- Sewer: Public Sewer
Community Information
- Zoning: R-3
Exterior Features
- Foundation: Slab
- Garage(s): N
- Pool: No Pool
- Roof: Architectural Shingle
- Style: Coastal
- Waterfront: N
- Waterview: Y
Interior Features
- Appliances: Built-In Microwave
- Basement: N
- Flooring: Laminated
- Heating: Central
- Cooling: Y
- Fireplace: Y
- Water: Public
Lot Information
- SqFt: 3,250
School Information
- School District: WORCESTER COUNTY PUBLIC SCHOOLS
- High School: STEPHEN DECATUR
Fees & Taxes
- City Taxes: $2,808
- County Taxes: $5,203
Other Info
- Listing Courtesy Of: Taylor Properties