111 Somerset St Unit #2 B 1, Ocean City, MD 21842

$549,000
3
BD
2
BA
1,198
SqFt
List Price
$549,000
Days on Market
13
Status
ACTIVE
MLS#
MDWO2020874
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
1,198
Year Built
2000
County
Worcester
Subdivision
None Available
Building Name
Nowalk To The Boardwalk

Property Description

Great downtown location. 1 block to bay, 2 blocks to Ocean. Walk to boardwalk, amusements, inlet, beach, bay water sports, restaurants, pubs, shops, festivals and more. This large 2 bedroom 2 bath townhouse was built in 2002 and has been upgraded throughout. The building has balconies, under building assigned parking for two autos, roof approximately 4 years old, and is meticulously maintained. This is a small self- managed condominium with only 6 total townhouses. This unit would be great for investors with strong rental income. 2022 gross income $36,707, 2023 gross income $35,380 and YTD bookings for 2024 $34,395. 2024 bookings must be honored. This would also make a great family property for personal use. Owners may have pets, tenants may not. Beautiful Smartcore vinyl wood plank flooring.

Additional Information

Area
Bayside Interior (83)
Annual Tax Amount
$3,158
Ownership Interest
Condominium
Condo/Coop Fee
$1000
Condo/Coop Fee Frequency
Quarterly
Amenities
Other
Garage Spaces
2
Exterior Features
Exterior Lighting, Gutter System, Sidewalks, Extensive Hardscape, Outside Shower
Community Amenities
Other
Heating
Forced Air, Heat Pump(s), Central
Cooling
Central A/C, Heat Pump(s)
Roof
Asphalt
Utilities
Cable TV Available, Phone Available, Electric Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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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. Contact: (410) 208-3500