712 North Baltimore Avenue Ocean City, MD 21842

$2,899,999
12
Beds
6
Baths
0.07
Acres
4,209
SQFT
689
$/SQFT
$2,899,999
12
Beds
6
Baths
4,209   sf
$689 / sf
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active
1/99
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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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Worcester
  • Area
    Ocean Block
  • Tax Amount
    $8,700
  • Status
    Active
  • Listing #
    MDWO2021360
  • Built
    1930
  • Lot Size
    0.07
  • Listed on site
    121 days
  • Listing Agent Id
    302089150313

Listed by:
Taylor Properties

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

View

  • Ocean view

Exterior features

  • No Pool
  • Parking Off-Street

Interior Features

  • Central Air Conditioning
  • Fire Place

Style

  • End Unit

Property History

DateDays AgoEventNew Price
Sep 4, 20241 mo agoPrice decreased100,000 (3%)$2,899,999
Jun 6, 20244 mos agoNew on market$2,999,999
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