1215 Atlantic Ave,
Ocean City, Md 21842
$2,500,000

MLS Number
Mdwo116224
List Price
$2,500,000
Bedrooms
15
Full Baths
8
Standard Status
Active
Waterfront
Y
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 Boasts A Rich Rental History With Potential Gross Income Of $ $289.471 Per Year Making This An Excellent Investment Opportunity. 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. Call To Make An Appointment Today Before You Miss Out On This Amazing Opportunity!

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Keti Lynch - Ocean City Home Sales Real Estate Agent

Keti Lynch

Associate Broker
MBA / GRI / Bi-lingual

Shoreline Properties, Inc.

6808 Coastal Highway
Ocean City, MD 21842

office: 410-542-6688
toll free: 800-492-5832
This email address is being protected from spambots. You need JavaScript enabled to view it.

shoreline properties

Exterior Features

View
Ocean
Architectural Style
Coastal
Construction Materials
Other
Exterior Features
Bbq Grill, exterior Lighting, secure Storage
Parking Features
Paved Parking
Outdoor Living Structures
Balconies- Multiple, patio(s), porch(es)
Roof
Architectural Shingle
Water Body Type
Ocean

Interior Features

Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Electric
Fireplace
Y
Interior Features
Additional Stairway, carpet, dining Area, entry Level Bedroom, primary Bedroom - Ocean Front, wood Floors

Additional Details

Elementary School
Ocean City
High School
Stephen Decatur
Middle School
Stephen Decatur
Square Footage
6000
Acres
0.16
Year Built
1938
New Construction
N
Property Type
Residential
County
Worcester
Lot Size Dimensions
0.00 X 0.00
SchoolDistrictName
Worcester County Public Schools