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5908 Coastal Highway

OCEAN CITY, MD 21842
  • $3,700,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: MDWO2017716
Price Reduced
$3,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,022
    SQFT
  • $1,830
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2007
County:

School Ratings & Info

Description

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-19T17:52:56.623.
www.greatfallsgreathomes.com/homes/146137228
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5908 Coastal Highway OCEAN CITY, MD 21842

  • Price: $3,700,000
  • Status: Active
  • On Site: 122 Days
  • ID#: MDWO2017716
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,022
SQFT
$1,830
$/SQFT
2007
Built
Neighborhood:
Ocean Block (82)
County:
Worcester
Area:
Ocean Block (82)
School District:
Worcester County Public Schools
Property Description
An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.
Exterior Features

Architectural Style Colonial Construction Materials Vinyl Siding Garage Spaces 12.00 Garage Type Other Garage YN Yes Parking Types Attached GarageDriveway Patio And Porch Features Deck(s) Pool No Pool Property Condition Good View Ocean Water Access YN Yes Water Body Type Ocean Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 2022 Appliances DishwasherStoveMicrowaveDryerWasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Central Heating YN Yes Interior Features Combination Dining/LivingCombination Kitchen/DiningCombination Kitchen/LivingDining AreaKitchen - Eat-InKitchen - Island Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Existing Lease Type Weekly Foundation Details Other Gross Income 301802.25 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 12929.01 Municipality Ocean City Navigable Water YN Y New Construction YN No Number Of Units Leased 5 Number Of Units Total 1 Original MLSNumber 802743604762 Owner Pays None Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 6982.00 Tax Lot 8A Total Actual Rent 301802.25 Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of Redfin Corp: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-19T17:52:56.623.
 
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