Building has 4 One Bedroom Apartments and 1 Two Bedroom Apartment. Siding, windows and stoves replaced Spring of 2017. Only the One Bedroom Apartments are rented for a Gross Rental Income of $21,600.00 for the Summer Season. The owners use the 2 Bedroom Apartment. If the two bedroom were rented it would add $7,000.00 to the GRI. The walls and ceilings are Knotty Pine for easy maintenance. See Photos. Located on the ocean block side of Coastal Highway. Plenty of parking in front and back of the building.
| MLS# | 1009939662 |
|---|---|
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 21 |
| SQ Feet | 2,140 |
|---|---|
| Story(s) | 0 |
| Units | 5 |
| Zoning | R-3 |
Area Information | |
|---|---|
| State | MD |
| City | OCEAN CITY |
| Zip Code | 21842 |
| Area | Ocean Block (82) |
| Listing VS Median (in 21842) | |
Price: $520,000 low | high Med: $295,000 SqFt: 2,140 low | high Med: 1,144 $ / SqFt: $243 low | high Med: $258 On Site: 21 low | high Med: 21 | |
MLS Number: 1009939662
