$3,700,000
5908 Coastal Hwy, Ocean City, MD, 21842
2,022
Square feet
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.
Facts & Features
MLS® # | MDWO2017716 |
---|---|
Price | $3,700,000 |
Bathrooms | 0.00 |
Square Footage | 2,022 |
Acres | 0.00 |
Year Built | 2007 |
Type | Multi-Family |
Sub-Type | Other, Interior Row/Townhouse |
Style | Colonial |
Status | Active |
Community Information
Address | 5908 Coastal Hwy |
---|---|
Area | Ocean Block (82) |
City | Ocean City |
County | WORCESTER-MD |
State | MD |
Municipality | Ocean City |
Zip Code | 21842 |
Senior Community | No |
Amenities
# of Garages | 12 |
---|---|
Garages | Other |
View | Ocean |
Is Waterfront | No |
Interior
Appliances | Dishwasher, Stove, Microwave, Dryer, Washer |
---|---|
Heating | Central |
Cooling | Central A/C |
Has Basement | No |
Fireplace | No |
Exterior
Exterior | Vinyl Siding |
---|---|
Exterior Features | Deck(s) |
Foundation | Other |
School Information
District | WORCESTER COUNTY PUBLIC SCHOOLS |
---|
Additional Information
Date Listed | January 1st, 2024 |
---|---|
Days on Market | 135 |
Zoning | R |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Redfin Corp |
---|---|
Contact Info | 301-658-6186 |