109 Somerset St Unit #5 B 2, Ocean City, MD 21842

$549,000
3
BD
3
BA
1,360
SqFt
List Price
$549,000
Days on Market
13
Status
ACTIVE UNDER CONTRACT
MLS#
MDWO2020890
Bedrooms
3
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,360
Year Built
2002
County
Worcester
Subdivision
None Available
Building Name
Nowalk To The Boardwalk

Property Description

Very large townhouse with 2 bedroom 2.5 baths in desirable downtown location. Walk to beach, boardwalk, amusements, inlet, bayside water sports, festivals, restaurants, pubs, shops and more. Just 2 blocks to boardwalk and 1 block to bay, you will not need to move your car once you arrive. There is under unit 2 car assigned parking, outside shower and outside storage unit. This is a small 6 unit condominium which is self managed. Unit has newly installed Smartcore vinyl plank engineered wood flooring on the 1st floor. All furnishings convey. This could be a turnkey rental property with strong rental history. 2022 $41,191 gross income, 2023 $35,357 gross income and YTD bookings 2024 $27,417. 2024 rentals must be honored. Roof is approximately 4 years old and building exterior is very well maintained.

Additional Information

Area
Bayside Interior (83)
Annual Tax Amount
$3,239
Ownership Interest
Condominium
Condo/Coop Fee
$1000
Condo/Coop Fee Frequency
Quarterly
Interior Features
Ceiling Fan(s)
Amenities
Extra Storage, Reserved/Assigned Parking, Storage Bin
Fireplaces
1
Fireplace Description
Electric
Flooring
Engineered Wood, Carpet
Garage Spaces
2
Exterior Features
Exterior Lighting, Extensive Hardscape, Gutter System, Outside Shower, Secure Storage
Community Amenities
Extra Storage, Reserved/Assigned Parking, Storage Bin
Heating
Forced Air, Heat Pump(s)
Cooling
Central A/C
Roof
Asphalt
Utilities
Cable TV, Electric Available, Phone 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