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Key Details
Sold Price $1,450,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 8,448 sqft
Price per Sqft $171
Subdivision None Available
MLS Listing ID 1000551582
Sold Date 09/11/15
Style Other
Bedrooms 16
Full Baths 16
Half Baths 4
HOA Y/N N
Abv Grd Liv Area 8,448
Originating Board CAR
Year Built 2009
Lot Size 4,750 Sqft
Acres 0.11
Property Description
(4)2009 built ocean side townhomes just steps from the beach and boardwalk. Each decorator furnished unit has its own elevator and is 4 bedrooms/4.5 baths at 2112 sq.ft. 2013 rental income was in excess of $120,000 in a shortened season after the property renovations an no off season rentals. Rental income potential is in excess of $180,000 not including off-season rentals. All of the units are in turn key conditions and the project offers a variety of options.. rent all of them for a cash cow, use one and rent the others, set up a condo association and sell them individually or a combination of these factors. The ocean side locations just steps from the beach and boards guarantees success in the aforementioned scenarios and the timing is perfect.
Location
State MD
County Worcester
Area Ocean Block (82)
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s), Elevator, Sprinkler System, Window Treatments
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Equipment Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
Furnishings Yes
Window Features Screens
Appliance Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
Exterior
Exterior Feature Balcony, Deck(s)
Garage Spaces 12.0
Utilities Available Cable TV
Waterfront N
Water Access N
View Bay, Ocean, Water
Roof Type Architectural Shingle
Porch Balcony, Deck(s)
Road Frontage Public
Parking Type Off Street, Attached Garage
Garage Y
Building
Lot Description Cleared
Story 3+
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3+
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 028760
Ownership Fee Simple
SqFt Source Estimated
Security Features Sprinkler System - Indoor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Nicholas Bobenko • Re/Max Crossroads-OC
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