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5908 Coastal Highway , 8A

OCEAN CITY, MD 21842
  • $3,800,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: MDWO2018470
UPDATED: 68 min ago
$3,800,000
  • 20
    BEDS
  • N/A
    ACRES
  • 15
    BATHS
  • 5
    1/2 BATHS
  • 2,022
    SQFT
  • $1,879
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2007
County:

School Ratings & Info

Description

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

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©2024 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 City Smart Living | Keller Williams Metro Center. 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: 2024-03-04T20:51:36.
www.citysmartliving.com/homes/146702084
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5908 Coastal Highway , 8A OCEAN CITY, MD 21842

  • Price: $3,800,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 68 min ago
  • ID#: MDWO2018470
20
Beds
15
Baths
5
½ Baths
N/A
Acres
2,022
SQFT
$1,879
$/SQFT
2007
Built
Neighborhood:
Palm Coast
County:
Worcester
Area:
Ocean Block (82)
School District:
Worcester County Public Schools
Property Description
An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.
Exterior Features

Architectural Style Colonial Construction Materials Vinyl Siding Garage Spaces 12.00 Garage Type Other Garage YN Yes Parking Types Attached GarageDriveway Patio And Porch Features Deck(s) Pool No Pool Property Condition Good View Ocean Water Access YN Yes Water Body Type Ocean Water Oriented YN Yes Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 2022 Appliances DryerWasherCooktopDishwasherDisposalMicrowaveRefrigeratorStove Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Central Heating YN Yes Interior Features Combination Dining/LivingCombination Kitchen/DiningCombination Kitchen/LivingDining AreaFloor Plan - OpenKitchen - Eat-InKitchen - IslandKitchen - GourmetPrimary Bath(s) Levels 4 Room List Living RoomDining RoomKitchenFoyer Upper Level1 Bedrooms 10

Property Features

Accessibility Features Other Assessment Year 2023 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Federal Flood Zone YN Yes Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality Ocean City Navigable Water YN Y New Construction YN No Original MLSNumber 802819902284 Ownership Interest Fee Simple Possession NegotiableSettlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Other Tax Annual Amount 6982.00 Tax Assessment Amount 495300.00 Tax Lot 8A Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of Redfin Corp: .


©2024 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 City Smart Living | Keller Williams Metro Center. 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: 2024-03-04T20:51:36.
 
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