204 12TH Street

    OCEAN CITY, MD 21842
    • $699,000
    • STATUS: Active
    • ON SITE: 211 days
    • ID#: 1002078706
    UPDATED: 27 min ago
    $699,000
    • 12
      BEDS
    • 0.11
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,840
      SQFT
    • $182
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1960
    County:

    School Ratings & Info

    Description

    This is an amazing opportunity to own a total of (6) 2 bedroom one bath apartments in the heart of Ocean City. These units have been well taken care of with very nice hardwood floors, roof and windows are 5-10 years old, three of the 4 outdoor HVAC units have been replaced recently, and a fresh coat of paint on the exterior of the larger building. Front building (4) has central air, while the back building (2) has baseboard heat. The units currently have a GRI of $69,000 but have not been rented in the winter, and could bring more. Each unit has its own Washer & Dryer. Development potential with the three adjoining lots is also an option. Here is your retirement.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-02-18T11:56:33.083.
    www.johnsmithteam.com/homes/85839523

    204 12TH Street OCEAN CITY, MD 21842

    • Price: $699,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 1002078706
    12
    Beds
    6
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,840
    SQFT
    $182
    $/SQFT
    1960
    Built
    Neighborhood:
    None Available
    County:
    Worcester
    Area:
    Bayside Interior (83)
    School District:
    Worcester County Public Schools
    Property Description
    This is an amazing opportunity to own a total of (6) 2 bedroom one bath apartments in the heart of Ocean City. These units have been well taken care of with very nice hardwood floors, roof and windows are 5-10 years old, three of the 4 outdoor HVAC units have been replaced recently, and a fresh coat of paint on the exterior of the larger building. Front building (4) has central air, while the back building (2) has baseboard heat. The units currently have a GRI of $69,000 but have not been rented in the winter, and could bring more. Each unit has its own Washer & Dryer. Development potential with the three adjoining lots is also an option. Here is your retirement.
    Exterior Features

    Architectural Style Bi-Level Construction Materials Stick Built Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition As-Is ConditionAverage+ Riparian Rights YN No Roof Architectural Shingle Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 3840.00 Cooling Central A/C Fireplaces Total 0 Flooring Hardwood Heating Heat Pump(S)Baseboard - Electric Heating YN Yes Levels 2 Living Area 3840 Main Level Bedrooms 6 Upper Level1 Bedrooms 6

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2017 Association YN No Building Name None Available Central Air YN Yes Condo YN No Cooling Fuel Electric Electric 110 Volts Foundation Details Crawl Space Heating Fuel Natural GasElectric Historic YN No Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 300475574889 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat Tax Annual Amount 5326.0 Tax Assessment Amount 377033.0 Tax Lot 3666 Total Actual Rent 69000.00 Vacation Rental YN No Water Source Public Zoning R-2

    Listing courtesy of Coldwell Banker Residential-120.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-02-18T11:56:33.083.
     
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