$3,700,000
5908 Coastal Hwy #8a, Ocean City, MD, 21842
20
Beds
17½
Baths
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® # | MDWO2018470 |
|---|---|
| Price | $3,700,000 |
| Bedrooms | 20 |
| Bathrooms | 17.50 |
| Full Baths | 15 |
| Half Baths | 5 |
| Square Footage | 2,022 |
| Acres | 0.00 |
| Year Built | 2007 |
| Type | Residential |
| Sub-Type | Other |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 5908 Coastal Hwy #8a |
|---|---|
| Area | Ocean Block (82) |
| Subdivision | PALM COAST |
| City | Ocean City |
| County | WORCESTER-MD |
| State | MD |
| Municipality | Ocean City |
| Zip Code | 21842 |
| Senior Community | No |
Amenities
| Amenities | Master Bath(s) |
|---|---|
| # of Garages | 12 |
| Garages | Other |
| View | Ocean |
| Is Waterfront | No |
Interior
| Interior Features | Floor Plan-Open |
|---|---|
| Appliances | Dryer, Washer, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Stove |
| Heating | Central |
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 4 |
| Stories | 4 |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Deck(s) |
School Information
| District | WORCESTER COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | January 17th, 2024 |
|---|---|
| Days on Market | 104 |
| Zoning | R |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Redfin Corp |
|---|---|
| Contact Info | 301-658-6186 |