Description
Here is your opportunity to own one of only a few properties in Ocean City that can accommodate 20 guests in each side, 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 in 2022. This property consistently brings in > $300,000 in rental income each year! 2024 rentals have just begun - we have one full week booked for the entire house in June for $28,500. 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.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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4,209SQFT
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$713$/SQFT
School Information
Description
Here is your opportunity to own one of only a few properties in Ocean City that can accommodate 20 guests in each side, 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 in 2022. This property consistently brings in > $300,000 in rental income each year! 2024 rentals have just begun - we have one full week booked for the entire house in June for $28,500. 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.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-12-06T23:50:38.107.