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205 10TH Street

OCEAN CITY, MD 21842
  • $2,650,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: MDWO2026102
UPDATED: 75 min ago
$2,650,000
  • 18
    BEDS
  • 0.31
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 6,344
    SQFT
  • $418
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:

Description

Unique multi-family investment opportunity with endless potential! Three parcels in the heart of Ocean City are being offered together or separately, featuring two multi-family buildings and one of the last remaining buildable lots in downtown OC. These properties generate $200,000+ in annual rental income and offer excellent upside potential. With the addition of another multi-family building, even more income. 904 St. Louis Ave is a 3,600 sq. ft. building with four units"two 3-bedroom, 2-bath units and two 2-bedroom, 1-bath units. Each unit is updated, fully furnished, and ready to rent, featuring open-concept living areas, solid surface flooring, and private entrances. Large decks provide ample outdoor space, perfect for relaxing after a day at the beach. This building also has 10 parking spots shared with the neighboring 10th Street building (also for sale), making it easy for guests to park and access their units.205 10th St is a 2,744 sq. ft. building offering four unique units"two 3-bedroom, 2-bath units, one large 1-bedroom, 1-bath unit with a full kitchen and living area, and a rear efficiency unit. All units are move-in ready and fully furnished with updated appliances, furniture, and separate entrances. Each unit also has its own porch"perfect for enjoying the coastal lifestyle. The building features a shared coin-operated laundry facility, adding convenience for tenants and an additional revenue stream for owners.10th St Lot: A rare find in Ocean City, this last remaining buildable lot is ideal for developers or investors looking to expand. Build your dream property or create additional rental units to increase your revenue potential in this sought-after downtown location.Both buildings have undergone significant renovations. 904 St Louis has a new electric service, roof, mini-split HVAC systems (inside and out), appliances, and Ashley sleeper sofas which have been professionally cleaned at the end of every season. New deck stairs and vinyl railings. 10th St has a new full front facadeincluding three level decks, vinyl rails and steps as well as a new roof.Perfectly situated just a short walk from the beach, boardwalk, and downtown attractions, these properties are an ideal investment for vacation rentals. The sale includes a strong digital marketing presence with an established rental website, Instagram, Facebook, and even a custom Snapchat filter"everything you need to continue generating buzz and bookings from day one.Keep in mind these properties are not rented during senior week or at all during the winter months or the big weekend events in the offseasonDont miss out on this unique opportunity to own a slice of Ocean Citys thriving rental market. Priced to sell and move quickly! Call the listing agent today for more information.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nomis Group International | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T21:53:02.243.
www.homesbynomis.com/homes/156582806
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205 10TH Street OCEAN CITY, MD 21842

  • Price: $2,650,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 75 min ago
  • ID#: MDWO2026102
18
Beds
12
Baths
0
½ Baths
0.31
Acres
6,344
SQFT
$418
$/SQFT
1950
Built
Neighborhood:
None Available
County:
Worcester
Area:
Bayside Interior (83)
Elementary School:
Ocean City
Middle School:
Stephen Decatur
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
Unique multi-family investment opportunity with endless potential! Three parcels in the heart of Ocean City are being offered together or separately, featuring two multi-family buildings and one of the last remaining buildable lots in downtown OC. These properties generate $200,000+ in annual rental income and offer excellent upside potential. With the addition of another multi-family building, even more income. 904 St. Louis Ave is a 3,600 sq. ft. building with four units"two 3-bedroom, 2-bath units and two 2-bedroom, 1-bath units. Each unit is updated, fully furnished, and ready to rent, featuring open-concept living areas, solid surface flooring, and private entrances. Large decks provide ample outdoor space, perfect for relaxing after a day at the beach. This building also has 10 parking spots shared with the neighboring 10th Street building (also for sale), making it easy for guests to park and access their units.205 10th St is a 2,744 sq. ft. building offering four unique units"two 3-bedroom, 2-bath units, one large 1-bedroom, 1-bath unit with a full kitchen and living area, and a rear efficiency unit. All units are move-in ready and fully furnished with updated appliances, furniture, and separate entrances. Each unit also has its own porch"perfect for enjoying the coastal lifestyle. The building features a shared coin-operated laundry facility, adding convenience for tenants and an additional revenue stream for owners.10th St Lot: A rare find in Ocean City, this last remaining buildable lot is ideal for developers or investors looking to expand. Build your dream property or create additional rental units to increase your revenue potential in this sought-after downtown location.Both buildings have undergone significant renovations. 904 St Louis has a new electric service, roof, mini-split HVAC systems (inside and out), appliances, and Ashley sleeper sofas which have been professionally cleaned at the end of every season. New deck stairs and vinyl railings. 10th St has a new full front facadeincluding three level decks, vinyl rails and steps as well as a new roof.Perfectly situated just a short walk from the beach, boardwalk, and downtown attractions, these properties are an ideal investment for vacation rentals. The sale includes a strong digital marketing presence with an established rental website, Instagram, Facebook, and even a custom Snapchat filter"everything you need to continue generating buzz and bookings from day one.Keep in mind these properties are not rented during senior week or at all during the winter months or the big weekend events in the offseasonDont miss out on this unique opportunity to own a slice of Ocean Citys thriving rental market. Priced to sell and move quickly! Call the listing agent today for more information.
Exterior Features

Architectural Style Coastal Construction Materials Frame Exterior Features Exterior LightingFire EscapePlay AreaSidewalksStreet Lights Garage YN No Location Type Bayblock Lot Features ClearedCornerLevelPremiumRoad Frontage Parking Features Crushed StoneFencedFreeLighted ParkingPrivate Parking Types On StreetParking Lot Patio And Porch Features Balconies- MultipleDeck(s) Pool No Pool Roof Architectural Shingle View CityStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 6344 Appliances Built-In MicrowaveBuilt-In RangeCompactorCooktopDishwasherDisposalDryerRefrigeratorWasherWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-SplitCeiling Fan(s)Window Unit(s) Fireplace YN No Flooring Ceramic TileLuxury Vinyl Plank Furnished Yes Heating Wall UnitBaseboard - Electric Heating YN Yes Inclusions Sold AS IS Interior Features Additional StairwayBreakfast AreaBuilt-InsCeiling Fan(s)Combination Kitchen/DiningEntry Level BedroomFloor Plan - OpenKitchen - Eat-InUpgraded CountertopsWood Floors Laundry Type Shared Levels 5 Main Level Bedrooms 18 Walls Ceilings Dry Wall

Property Features

Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel Natural GasElectric Electric Circuit Breakers Federal Flood Zone YN No Foundation Details Crawl SpaceBlock Heating Fuel Natural GasElectric Hot Water ElectricNatural Gas Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 803407150160 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 6743.00 Tax Lot 11 Transportation Bus Stop less than 1 mile Utilities Natural Gas AvailableCable TV AvailablePhone Available Vacation Rental YN Yes Water Source Public Year Built Effective 2022 Zoning R-2

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nomis Group International | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T21:53:02.243.
 
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9864 Main St
Fairfax VA, 22031