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.
Location not available
Exterior Features
Style Coastal
Construction Single Family
Siding Shingle Siding
Roof Architectural Shingle
Garage No
Water Public
Sewer Public Sewer
Interior Features
Appliances Built-In Microwave
Heating Central
Cooling Ductless/Mini-Split, Central A/C
Fireplaces 2
Living Area 4,209 SQFT
Year Built 1930
Neighborhood & Schools
Subdivision NONE AVAILABLE
High School STEPHEN DECATUR
Financial Information
Zoning R-3
Additional Services
Internet Service Providers
Listing Information
Listing Provided Courtesy of Taylor Properties - (301) 970-2447