Holiday Real Estate, Inc.
7700 Coastal Hwy
Ocean City, Maryland 21842
SALES - 888.642.6251
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Ocean City Maryland Real Estate

1215 ATLANTIC AVENUE
OCEAN CITY
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Five Or More Units


Price: $2,500,000

Investor Alert! Located on Ocean City, Maryland's world-famous boardwalk, this spacious oceanfront apartment building holds endless opportunities. This 6000 sq. ft. building and 7100 sq. ft. lot features five separate apartments and 8 parking spaces making it an ideal opportunity or rental investment or reconstruction. The 3-story property includes a total of 15 bedrooms, 8 bathrooms, 5 kitchens, and oversized oceanfront porches with picturesque ocean views. Each unit is unique, incorporating hardwood floors, grand fireplaces, remodeled bathrooms, and updated kitchens. There are 2 oceanfront, 4 bedroom/2 bath units with expansive great rooms and dining rooms. 1 street level 4 bedroom/2 bath walkout with a private patio. 1 2 bedroom/1 bath street level and a 1-bedroom carriage house. The property has excellent rental potential. The second season rental income potential allows for a year-round income stream. Over $150,000 in renovation upgrades have been done in the past 7 years making it turnkey business ready the day of settlement. The 11-year-old roof offers defense against winds up to 140mps. Indulge in a piece of Ocean City's history or redevelop to suit your needs.

MLS #: MDWO116232
Price: $2,500,000
Address: 1215 ATLANTIC AVENUE
City: OCEAN CITY
Area: Direct Oceanfront (80)
Dwelling Type: Five Or More Units
Year Built: 1938
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Address: 1215 ATLANTIC AVENUE OCEAN CITY,
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MLS#: MDWO116232
MLS Area: Direct Oceanfront (80)
Property Sub-Type: Five Or More Units
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Waterview: Ocean
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Year Built: 1938
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List Price: $2,500,000
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Annual St/Cnty Tax: $7,716
Annual City Tax: $4,163
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LO: Berkshire Hathaway HomeServices PenFed Realty
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All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction.
 
 

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