Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
Listing photo for 1215 Atlantic Ave, OCEAN CITY, MD
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1215 Atlantic Ave,

OCEAN CITY, MD

$2,775,000

6,000 Sqft
0.16 Acres

Seller anxious, willing to take a minimum of $50k off if the buyer can settle before August 31, 2020. All reasonable offers will be considered. This property has amazing winter income potential. Earn money year-round with this business! Just ask us how! Owning an oceanfront apartment building allows you to own 5 units while paying zero condo association fees. Not having five condo fees will save any investor a fortune.This is a rare opportunity to own your lot and building on Ocean's City's famous boardwalk. Large oceanfront lot on the boardwalk. 7,100 sq.ft lot. 6,000 Sq. Ft. of total interior space. This property boasts a rich rental history, with 5 separate apartments, all with the charm of Ocean City, including massive high ceilinged rooms, huge fireplaces, built-ins, fine woodwork, and well-built finishes. 5 units with a total of 15 bedrooms, 8 bathrooms & 5 kitchens. The apartments include 2 oceanfront 4 bedroom/2 bath massive units with oversized great rooms and dining rooms. 1 ground level 4 bedroom/2 bath walkout level with private patio, 1 2-bedroom/1bath lower level with bath 1 one-bedroom carriage house. 8 Parking spaces. Potential gross income of over $225,000 per year for $190,200 of NOI. 95% of the building was remodeled in 1986. Aside from the frame, nothing is more than 35 years old. More recently, over $150,000.00 in renovations have been done over the past seven years.Turnkey business ready to open the day after settlement. Most of the exterior and interior furniture can stay. The seller has a small list of pieces she will be keeping.Seller is willing to work part-time as a property manager for the new owner for free during the first year if needed.Seller also has a highly-skilled maintenance man willing to work at an extremely reduced rate the first year if needed.

Facts & Features
MLS® # MDWO113314
Price $2,775,000
Bathrooms 0.00
Square Footage 6,000
Acres 0.16
Year Built 1930
Type Multi-Family
Sub-Type Detached, Other
Style Other
Status Active
Community Information
Address 1215 Atlantic Ave
Area Direct Oceanfront (80)
Subdivision NONE AVAILABLE
City OCEAN CITY
County WORCESTER-MD
State MD
Zip Code 21842
Amenities
Amenities Built-Ins, Carpet, CeilngFan(s), Crown Molding, Entry Lvl BR, Formal/Separate Dining Room, Master Bedroom - Ocean Front
Parking Asphalt Driveway, Free
View Ocean
Is Waterfront Yes
Waterfront Ocean
Interior
Heating Heat Pump(s)
Cooling Central A/C
Has Basement No
Fireplace Yes
# of Fireplaces 2
# of Stories 3
Exterior
Lot Description Landscaping
Roof Architectural Shingle
Foundation Block
School Information
District WORCESTER COUNTY PUBLIC SCHOOLS
Elementary OCEAN CITY
Middle STEPHEN DECATUR
High STEPHEN DECATUR
Additional Information
Date Listed April 14th, 2020
Days on Market 49
Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Thur & Associates
Photo of Richard Budden

Richard Budden

Cell: (443) 480-1181

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Listing information last updated on June 1st, 2020 at 5:04am EDT.