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!
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:
