7004 Coastal Hwy
OCEAN CITY, MD 21842

Description

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 $23,000.00 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.

Details

MLS#1009939662
StyleIndustrial
Sub-TypeResale
StatusActive
Year1960
Days On Site208

Features

SQ Feet2,140
Story(s)0
Units5
ZoningR-3

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Area Information

StateMD
CityOCEAN CITY
Zip Code21842
AreaOcean Block (82)
Listing VS Median (in 21842)
Price:
$489,900
low | high
Med:
$334,950
81.62890385793% of Average
SqFt:
2,140
low | high
Med:
2,665
25.467289719626% of Average
$ / SqFt:
$229
low | high
Med:
$126
95.039576517293% of Average
On Site:
208
low | high
Med:
208
100% of Average
Listing Updated: 06/16/2019
MLS Number: 1009939662
Listing Provided By:
William Nielander  of  Long Foster - OC