14 144th St Unit 301, Ocean City, MD 21842

$324,900
1
BD
2
BA
675
SqFt

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List Price
$324,900
Status
COMING SOON
MLS#
MDWO2041992
Bedrooms
1
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
675
Year Built
1982
County
Worcester
Subdivision
None Available
Building Name
Pelican

Property Description

Just bring your flip flops. Everything else is already here. This turn-key, fully furnished 1-bedroom, 2-bath ocean block end unit in North Ocean City makes owning at the beach easy. Just steps from the sand, Unit #301 offers ocean views, two outdoor spaces, and an extra deck off the living area that gives you even more room to enjoy the coastal setting. Inside, the condo is bright, comfortable, and thoughtfully updated. The kitchen features Caesarstone countertops, stainless steel appliances, an updated sink and dishwasher, freshly painted cabinetry, and a clean coastal feel throughout. Both bathrooms have been renovated, and custom plantation shutters add a polished finishing touch. The condo is being sold furnished, including Pottery Barn furniture and decor in the living room and bedroom, so there is very little to do besides unpack and head to the beach. Recent improvements also include a newer washer and dryer, range, refrigerator, dishwasher, and over-the-range microwave. The building has been well cared for too, with a new roof installed in 2021 along with updated exterior gutters and downspouts. The condominium association is managed in-house by a group of long-tenured owners who know the property well. Looking for rental potential? This one has a proven track record, generating approximately $23,000 to $25,000 annually in Airbnb income while the owners still reserve three prime summer weeks for personal use. Opening those weeks to renters could add an estimated $5,000 to $6,000 in additional annual revenue. And then there is the location. You are on the ocean block in North Ocean City, close to restaurants, shopping, entertainment, and the beach, while still enjoying the quieter feel that makes the north end so popular. Use it as your own beach escape, keep the rental income flowing, or do a little of both. This is the kind of Ocean City property that is ready to enjoy from day one.

Additional Information

Area
Ocean Block (82)
Annual Tax Amount
$2,200
HOA Fee 2
1800
HOA 2 Frequency
Annually
Ownership Interest
Fee Simple
Interior Features
Breakfast Area, Ceiling Fans, Dining Combo, Open Floor Plan, Kitchen Island, Upgraded Countertops
Flooring
Vinyl
Exterior Features
Outdoor Shower
Heating
Heat Pump
Cooling
Wall Units
Roof
Flat
Utilities
Cable Available, Electric Available
Water
Public
Sewer
Public Sewer

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Term of Loan
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Calculator source: Real Geeks

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