Under contract

ACTIVE UNDER CONTRACT

712 N Baltimore Ave

Ocean City MD, 21842

$2,799,999


$665.24 per sqft

Under contract

ACTIVE UNDER CONTRACT

3 Beds

4,209 sqft

Multi-family

Built in 1930

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 $318,226 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.

MDWO2021364

MLS ID

June 6, 2024

Listed

November 1, 2024

Updated

Map

712 N Baltimore Ave
Ocean City MD, 21842

Interior Features

Bedrooms

3


Interior Features

Laminate


Appliances

Microwave, Electric Water Heater


Floor Description

Laminate


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.07 Acres


Architectual Style

Coastal


Roof

Shingle


Sewer

Public Sewer

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS


High School

STEPHEN DECATUR

Other Property Details

Area Name

Ocean City


Taxes

$8,700


Tax Frequency

Annually


Days on Market

130


Garage

No


Parking

Off Street, On Street


View

Yes


View Description

Water, Ocean


County

WORCESTER


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/13/2024

Under contract

10/11/2024

Price change

$2,799,999

-4%

9/4/2024

Price change

$2,899,999

-4%

Listed by Taylor Properties
Listing Contact: 3015492208 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/1/2024 at 3:22 AM UTC

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