8 N BALTIMORE AVE #1-4, Ocean City, MD 21842

$1,450,000

Est. payment -/mo

$1,940,000

25.3%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

16 Beds

20 Baths

8,448 SqFt

SOLD DATE : 09/11/2015

Key Details

Sold Price $1,450,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 8,448 sqft

Price per Sqft $171

Subdivision None Available

MLS Listing ID 1000551582

Sold Date 09/11/15

Style Other

Bedrooms 16

Full Baths 16

Half Baths 4

HOA Y/N N

Abv Grd Liv Area 8,448

Originating Board CAR

Year Built 2009

Lot Size 4,750 Sqft

Acres 0.11

Property Description

(4)2009 built ocean side townhomes just steps from the beach and boardwalk. Each decorator furnished unit has its own elevator and is 4 bedrooms/4.5 baths at 2112 sq.ft. 2013 rental income was in excess of $120,000 in a shortened season after the property renovations an no off season rentals. Rental income potential is in excess of $180,000 not including off-season rentals. All of the units are in turn key conditions and the project offers a variety of options.. rent all of them for a cash cow, use one and rent the others, set up a condo association and sell them individually or a combination of these factors. The ocean side locations just steps from the beach and boards guarantees success in the aforementioned scenarios and the timing is perfect.

Location

State MD

County Worcester

Area Ocean Block (82)

Rooms

Basement None

Interior

Interior Features Ceiling Fan(s), Elevator, Sprinkler System, Window Treatments

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Equipment Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer

Furnishings Yes

Window Features Screens

Appliance Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer

Exterior

Exterior Feature Balcony, Deck(s)

Garage Spaces 12.0

Utilities Available Cable TV

Waterfront N

Water Access N

View Bay, Ocean, Water

Roof Type Architectural Shingle

Porch Balcony, Deck(s)

Road Frontage Public

Garage Y

Building

Lot Description Cleared

Story 3+

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 3+

Additional Building Above Grade

New Construction N

Schools

Elementary Schools Ocean City

Middle Schools Stephen Decatur

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Tax ID 028760

Ownership Fee Simple

SqFt Source Estimated

Security Features Sprinkler System - Indoor

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Don Perrin

don@milvets.us +1(703) 819-4655

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Nicholas Bobenko • Re/Max Crossroads-OC
Bought with Nicholas Bobenko • Re/Max Crossroads-OC

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655