509 511 N Baltimore Avenue, Ocean City, MD 21842

$1,399,000
7,508
SqFt
List Price
$1,399,000
Days on Market
10
Status
ACTIVE
MLS#
MDWO118186
Living Area
7,508
Lot Size (Acres)
0.16
Year Built
1935
County
Worcester

Property Description

An investors dream in an unbeatable location, properties like this are few and far in between! Operate as is with over $200,000 in income or redevelop as you see fit. Two adjoining lots (Tax ID: 10-0322725 and 10-032709) consisting of 3 historic buildings with a total of 8 units. Located between 5th and 6th streets on Baltimore Ave just 1 short block from the beach and boardwalk in Downtown Ocean City. 509 Baltimore Ave consists of a 4-plex with 4 identical 3 bedroom 2 bath units each set up to sleep up to 10. Behind that sits a small duplex with an efficiency on the first floor and a 1 bedroom on the second. Next door 511 Baltimore is a duplex with 3 bedroom 1.5 bath unit on 1st floor and large 4 bedroom 2 bath unit on the 2nd and 3rd floors. All units have updated kitchens and baths and great front porches. Total of 13 parking spaces between the two lots. Sold as-is, fully furnished, and ready to hit the ground running in 2021.

Additional Information

Area
Bayside Interior (83)
Annual Tax Amount
$9,334
Ownership Interest
Fee Simple
Stories
2
Interior Features
2nd Kitchen, Additional Stairway, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Traditional, Wood Floors
Flooring
Hardwood, Ceramic Tile
Exterior Features
Boat Storage, Outbuilding(s), Outside Shower, Play Area, Sidewalks, Street Lights
View
City
Heating
Heat Pump(s), Wall Unit, Central
Cooling
Central A/C, Window Unit(s)
Roof
Architectural Shingle
Utilities
Cable TV, Electric 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 Berkshire Hathaway HomeServices PenFed Realty - OP.