2 48th St #201, Ocean City, MD 21842
$1,149,900

MLS#
Mdwo2011176
Price
$1,149,900
Bedrooms
4
Full Baths
3
Standard Status
Active
Waterfront
N
Unit Number:201

This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! The interior of the condominium was completely repainted in 2021 to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash. The owner replaced the majority of the contents of the kitchen, which do convey with this fully furnished, turn-key property. All TVs were upgraded along with the wall art and living room sectional sofa. The area rugs were updated and the dining room chairs were reupholstered as well. In the bedrooms all linens and comforters were replaced. The residence also features two balconies, one of which is accessible from each bedroom and the living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Currently in a rental program grossing nearly $66,000 from June 18, 2022 to Sept 10, 2022. Additional weeks could be booked producing more potential income in this highly sought after complex. See the attached rental projection estimating nearly $96,000 in possible gross rental income. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence.

Exterior Features


View
City, ocean
Architectural Style
Unit/flat
Construction Materials
Concrete, metal Siding
Exterior Features
Exterior Lighting, outside Shower, sidewalks, underground Lawn Sprinkler
Foundation Details
Pillar/post/pier
Garage Features
Covered Parking
Parking Features
Electric Vehicle Charging Station(s), handicap Parking, lighted Parking, paved Driveway, secure Parking, surface, unassigned
Outdoor Living Structures
Balcony, wrap Around
Roof
Flat
Water Body Type
Ocean

Interior Features


Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Electric
Fireplace
N
Flooring
Carpet, ceramic Tile
Appliances
Built-in Microwave, dishwasher, disposal, dryer, icemaker, oven/range - Electric, refrigerator, washer
Interior Features
Ceiling Fan(s), carpet, combination Dining/living, combination Kitchen/dining, crown Moldings, dining Area, entry Level Bedroom, floor Plan - Open, primary Bath(s), soaking Tub, sprinkler System, tub Shower, whirlpool/hottub, window Treatments

Additional Details


Square Footage
2385
Year Built
2008
New Construction
N
Property Type
Residential
County
Worcester
Lot Size Dimensions
0.00 X 0.00
SchoolDistrictName
Worcester County Public Schools