782 Garfield Parkway, Suite 202, Bethany Beach, DE 19930 Direct Phone - (302) 864-0952 Main Phone - (302) 541-4440 Fax - (302) 365-2706


OCEAN CITY Real Estate Property For Sale

1215 ATLANTIC AVENUE, OCEAN CITY , MD

 

Waterfront: Ocean
15 Bedrooms
8 Full Bathrooms
Half Baths: 0

Price: $2,500,000.00

Investor Alert! Located on Ocean City, Maryland's world-famous boardwalk, this spacious oceanfront apartment building holds endless opportunities. This 6000 sq. ft. building and 7100 sq. ft. lot features five separate apartments and 8 parking spaces making it an ideal opportunity or rental investment or reconstruction. The 3-story property includes a total of 15 bedrooms, 8 bathrooms, 5 kitchens, and oversized oceanfront porches with picturesque ocean views. Each unit is unique, incorporating hardwood floors, grand fireplaces, remodeled bathrooms, and updated kitchens. There are 2 oceanfront, 4 bedroom/2 bath units with expansive great rooms and dining rooms. 1 street level 4 bedroom/2 bath walkout with a private patio. 1 2 bedroom/1 bath street level and a 1-bedroom carriage house. The property has excellent rental potential. The second season rental income potential allows for a year-round income stream. Over $150,000 in renovation upgrades have been done in the past 7 years making it turnkey business ready the day of settlement. The 11-year-old roof offers defense against winds up to 140mps. Indulge in a piece of Ocean City's history or redevelop to suit your needs. Call to make an appointment today before you miss out on this amazing opportunity!


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MLS #: MDWO116224
Price: $2,500,000.00
Waterfront: Waterfront: Ocean
Waterview: Ocean
Address: ATLANTIC AVENUE
Building Name: NONE AVAILABLE
Dwelling Type:
Year Built: 1938
Waterview: Ocean
Lot Dimensions: 0.00 x 0.00
Acreage: 0.16
Dwelling Sq Ft: 0.00
Dock:
Garage: Driveway

Flooring:
Heating: Heat Pump(s)
Cooling: Central A/C
County Taxes: $7,716
City Taxes: $4,163
Water Fee: $0
Sewer Fee:
$0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Listing Broker: Berkshire Hathaway HomeServices PenFed Realty
Listing Agent: Mechelle Nichols
Listing Status: Active Under Contract

Appliances:

Interior Features:
Additional Stairway, Carpet, Dining Area, Entry Level Bedroom, Primary Bedroom - Ocean Front, Wood Floors

Exterior Features:
BBQ Grill, Exterior Lighting, Secure Storage

HOA Condo Ammenities:


Map locations are approximate. Please contact our sales agent for additional location information.

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ATLANTIC AVENUE

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