$3,700,000 $19,862 est/mo Sourced by Back At You

5908 Coastal Hwy #8a,Ocean City, MD 21842

Ocean City MD, 21842

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Description

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

Details

MLS#MDWO2018470
Listing TypeFor Sale
Building NameNONE AVAILABLE
Sub-TypeResale
StatusActive
Year2007
Days On Site188
Listing Provided ByRedfin Corp | Berna Kimber
Buying CommisionOf Gross

Features

Bed(s)20
Bath(s) 20 Total
SQ Feet2,022
Garage12
Story(s)4
ZoningR
Property ViewYes

Market Activity 21842

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Listings Checked: 16 minutes ago
StateMD
CountyWorcester
CityOcean City
Zip Code21842
AreaOcean Block
Community NamePalm Coast
School DistrictWorcester County Public Schools
Listing VS Median (in Palm Coast)
Price:
$3,700,000
low | high
Med:
$3,700,000
50% of Average
SqFt:
2,022
low | high
Med:
2,022
50% of Average
$ / SqFt:
$1,830
low | high
Med:
$1,830
50% of Average
On Site:
188
low | high
Med:
188.000000
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2024 at 10:03:18 PM PDT