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12304 Coastal Highway

OCEAN CITY, MD 21842
  • $1,250,000
  • STATUS: Active
  • ON SITE: 386 Days
  • ID#: MDWO2011202
UPDATED: 32 min ago
$1,250,000
  • 8
    BEDS
  • 0.23
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,912
    SQFT
  • $429
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1960
County:

School Information

High School:

Description

This 4 unit building and additional lot are ready to go with everything being completely remodeled down to the studs and the electric all the way from the pole. New roof, siding, windows and doors were placed on the outside and the stairs were rebuilt to accommodate additional storage for each unit. Three head split units keep the temperature at your demand and a surrounding fence and storage unit makes the property very easy to manage. Continue to rent out this income producing property through 2023 as per the contract, but then use the unit at your leisure. Better yet, purchase the property as a primary residence, and let three additional units pay your mortgage. One day in the future, you can build an additional two units even with a garage underneath on the addition lot that is part of the sale. Possibilities are endless. Professional Photos to come

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©2023 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 accurate by the MLS or Pearson Smith Realty. 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: 2023-11-30T22:51:41.113.
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12304 Coastal Highway OCEAN CITY, MD 21842

  • Price: $1,250,000
  • Status: Active
  • On Site: 386 Days
  • Updated: 32 min ago
  • ID#: MDWO2011202
8
Beds
4
Baths
0
½ Baths
0.23
Acres
2,912
SQFT
$429
$/SQFT
1960
Built
Neighborhood:
None Available
County:
Worcester
Area:
Ocean Block (82)
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
This 4 unit building and additional lot are ready to go with everything being completely remodeled down to the studs and the electric all the way from the pole. New roof, siding, windows and doors were placed on the outside and the stairs were rebuilt to accommodate additional storage for each unit. Three head split units keep the temperature at your demand and a surrounding fence and storage unit makes the property very easy to manage. Continue to rent out this income producing property through 2023 as per the contract, but then use the unit at your leisure. Better yet, purchase the property as a primary residence, and let three additional units pay your mortgage. One day in the future, you can build an additional two units even with a garage underneath on the addition lot that is part of the sale. Possibilities are endless. Professional Photos to come
Exterior Features

Architectural Style Coastal Construction Materials Stick Built Garage YN No Location Type Middle Of Block Parking Types Parking Lot Pool No Pool Riparian Rights YN No Unit Building Type Garden 1 - 4 Floors View CityOcean Water Access YN No Water Oriented YN No Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 2912 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-Split Fireplace YN No Heating None Laundry Type None Levels 2 Main Level Bedrooms 4 Spa YN No Unit Floors 1 Upper Level1 Bedrooms 4

Property Features

Acceptable Financing ConventionalCash Accessibility Features 2+ Access Exits Assessment Year 2023 Association YN No Central Air YN No Condo YN No Cooling Fuel None Electric Other Elevators 0 Entry Level 1 Federal Flood Zone YN Yes Heating Fuel Electric Historic YN No Hot Water Electric Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 802000693654 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 10529.00 Tax Assessment Amount 757200.00 Vacation Rental YN No Water Source Public Zoning R-3A

Listing courtesy of Coldwell Banker Realty: .


©2023 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 accurate by the MLS or Pearson Smith Realty. 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: 2023-11-30T22:51:41.113.
 
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46161 Westlake Drive, Suite 340
Sterling VA, 20165