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1601 Philadelphia Ave, Ocean City, MD 21842
0 Beds
0 Baths
n/a sqft

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This is an incredible investment opportunity to help your buyer acquire a property with a 7% return. Located in downtown Ocean City, this is a mainstay of the town. The front three units are triple net.
  • Price:
  • $3,800,000
  • Acreage:
  • 0.74
  • Year Built:
  • 1964
  • Listing ID #:
  • MDWO110366
  • Street Address:
  • 1601 Philadelphia Ave
  • City:
  • Ocean City
  • State:
  • Maryland
  • Postal Code:
  • 21842
  • County:
  • Worcester
  • Community:
  • Bayside Interior (83)
  • Listing Status:
  • Active
5
out of 5

Ocean City Elementary School
Public
PRESCHOOL-4
593 students
14 student/
teacher
5
out of 5

Stephen Decatur Middle School
Public
7-8
670 students
12 student/
teacher
4
out of 5

Stephen Decatur High School
Public
9-12
1353 students
16 student/
teacher
  • Building Condition:
  • Good
  • Ease Of Access:
  • 2+ Access Exits
  • Flooring:
  • Carpet, Concrete, Ceramic Tile, Hardwood
  • Foundation:
  • Slab
  • Type Of Roof:
  • Built-Up, Cool/White, Flat, Rubber, Metal
  • Year Built:
  • 1964
  • Year Built Source:
  • Assessor
  • Gross Income:
  • 320661.00
  • Net Operating Income:
  • 282661.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Square Footage:
  • 32202.00
  • Days On Market:
  • 233
  • Included In Sale:
  • All Trade Fixtures
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Conventional
  • Building Name:
  • None Available
  • In City Limits:
  • Yes
  • Street Type:
  • Avenue
  • Tax Municipality:
  • Ocean City
  • City Taxes:
  • 6144.00
  • County Taxes:
  • 11150.00
  • Price Per Square Foot:
  • 247.78
  • Property Taxes:
  • $18,771
  • Tax Year:
  • 2020
  • Parking Type:
  • On Street, Parking Lot
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating Fuel:
  • Electric, Natural Gas
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By 1st Choice Properties LLC
  • © 2020 BRIGHT, All Rights Reserved BRIGHT
  • Schools information provided by ATTOM

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