13420 Madison Avenue, Ocean City, MD 21842

$355,000
4
BD
2
BA
1,716
SqFt
List Price
$355,000
Price Change
▼ $20,000 1596244922
Days on Market
11
Status
ACTIVE
MLS#
MDWO115628
Bedrooms
4
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
1,716
Lot Size (Acres)
0.23
Year Built
1957
County
Worcester
Subdivision
Bayside
Building Name
Fenwick

Property Description

Investor or Savvy buyer!! Charming 3 bedroom cottage/duplex Lightly remodeled, with some water views. Could be a weekend cottage, or rental property, also with attached 2 car garage/storage that has a studio apartment on top. New floors, bathrooms, and, brick fireplace. Located near restaurants, marina, and short walk to the beaches in Ocean City. Investor alert: this house sits on two 5000 square feet lots, that can be subdivided. Build new on both, or this house can offer rental income while you build your dream home on lot 142. Build 2 houses sell one to pay off the loan, and keep the other, or sell both houses, and make a nice profit. So many possibilities for this house, with the adjoining Lot that exist. This area is friendly for building with no HOA. The attached house of this duplex will soon be torn down, changing your status to a single family home. $750,000 to 1.2 million dollar houses, are being built all around this property. Great opportunity, and great interest rates. Move fast or miss out. Sellers are offering 10,000 in closing help !!!!

Additional Information

Area
Bayside Interior (83)
Annual Tax Amount
$1,356
Ownership Interest
Fee Simple
Fireplaces
1
Garage Spaces
2
Heating
Baseboard - Electric
Cooling
Window Unit(s)
Utilities
Electric Available, Phone, Water Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ExecuHome Realty.