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.
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP.