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1215 ATLANTIC AVE, OCEAN CITY, MD 21842 (MLS # MDWO113008)

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This is a rare opportunity to own your lot and building on Ocean's City's famous boardwalk. Large oceanfront lot on the boardwalk. 7,100 sq.ft lot. 6,000 Sq. Ft. of total interior space.This property boasts a rich rental history, with 5 separate apartments, all with the charm of Ocean City, including massive high ceilinged rooms, huge fireplaces, built-ins, fine woodwork, and well-built finishes. 5 units with a total of 15 bedrooms, 8 bathrooms & 5 kitchens.The apartments include 2 oceanfront 4 bedroom/2 bath massive units with oversized great rooms and dining rooms. 1 ground level 4 bedroom/2 bath walkout level with private patio, 1 2-bedroom/1bath lower level with bath 1 one-bedroom carriage house.8 Parking spacesPotential gross income of over $225,000 per year for $175,000 of NOI

DAYS ON MARKET 19 LAST UPDATED 3/20/2020
TRACT NONE AVAILABLE YEAR BUILT 1930
COMMUNITY Ocean City COUNTY WORCESTER
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District WORCESTER COUNTY PUBLIC SCHOOLS
Elementary School OCEAN CITY
Jr. High School STEPHEN DECATUR
High School STEPHEN DECATUR

PRICE HISTORY
Prior to Mar 20, '20 $2,700,000
Mar 20, '20 - Today $2,900,000


ADDITIONAL DETAILS
AIR Central A/C
AIR CONDITIONING Yes
AREA Ocean City
CONSTRUCTION Other
EXTERIOR Exterior Lighting, Secure Storage
GARAGE Assigned
HEAT Heat Pump(s)
HOA DUES None
INTERIOR 2nd Kitchen, Built-Ins, Entry Level Bedroom, Window Treatments
LOT 6970 sq ft
LOT DESCRIPTION Landscaping
LOT DIMENSIONS 50ft x 142ft
SEWER Public Sewer
STORIES 3+
STYLE Other
SUBDIVISION NONE AVAILABLE
TAXES 12990.00
VIEW DESCRIPTION Ocean
WATER Public
WATER ACCESS Public Beach
WATERFRONT Yes
WATERFRONT DESCRIPTION Sandy Beach
ZONING R-3



 
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