509 511 N Baltimore Ave, Ocean City, MD 21842
$1,399,000

MLS#
Mdwo118186
Price
$1,399,000
Standard Status
Active
Waterfront
N

An investors dream in an unbeatable location, properties like this are few and far in between! Operate as is with over $200,000 in income or redevelop as you see fit. Two adjoining lots (Tax ID: 10-0322725 and 10-032709) consisting of 3 historic buildings with a total of 8 units. Located between 5th and 6th streets on Baltimore Ave just 1 short block from the beach and boardwalk in Downtown Ocean City. 509 Baltimore Ave consists of a 4-plex with 4 identical 3 bedroom 2 bath units each set up to sleep up to 10. Behind that sits a small duplex with an efficiency on the first floor and a 1 bedroom on the second. Next door 511 Baltimore is a duplex with 3 bedroom 1.5 bath unit on 1st floor and large 4 bedroom 2 bath unit on the 2nd and 3rd floors. All units have updated kitchens and baths and great front porches. Total of 13 parking spaces between the two lots. Sold as-is, fully furnished, and ready to hit the ground running in 2021.

Exterior Features


View
City
Architectural Style
Coastal
Construction Materials
Aluminum Siding, asphalt, concrete, stick Built, wood Siding
Exterior Features
Boat Storage, outbuilding(s), outside Shower, play Area, sidewalks, street Lights
Foundation Details
Crawl Space
Parking Features
Gravel Driveway, private
Outdoor Living Structures
Balconies- Multiple
Roof
Architectural Shingle

Interior Features


Heating
Heat Pump(s), wall Unit, central
Heating Fuel
Natural Gas
Cooling
Central A/c, window Unit(s)
Hot Water
Natural Gas
Flooring
Hardwood, ceramic Tile
Appliances
Cooktop, dishwasher, disposal, microwave, oven/range - Electric, refrigerator
Interior Features
2nd Kitchen, additional Stairway, breakfast Area, combination Dining/living, combination Kitchen/dining, family Room Off Kitchen, floor Plan - Traditional, wood Floors
Units Furnished
All

Additional Details


Elementary School
Ocean City
High School
Stephen Decatur
Middle School
Stephen Decatur
Square Footage
7508
Acres
0.16
Year Built
1935
New Construction
N
Property Type
Multi-family
County
Worcester
Lot Size Dimensions
0.00 X 0.00
SchoolDistrictName
Worcester County Public Schools