If you need assistance, please call 410-430-4004

$2,500,000
1215 Atlantic Ave, Ocean City, MD 21842
15 Beds
8 Baths
6,045 sqft

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
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!
  • Price:
  • $2,500,000
  • Bedrooms:
  • 15
  • Full Baths:
  • 8
  • Square Footage:
  • 6,045
  • Acreage:
  • 0.16
  • Year Built:
  • 1938
  • Listing ID #:
  • MDWO116224
  • Street Address:
  • 1215 Atlantic Ave
  • City:
  • Ocean City
  • State:
  • Maryland
  • Postal Code:
  • 21842
  • County:
  • Worcester
  • Community:
  • Direct Oceanfront (80)
  • Subdivision:
  • None Available
  • Listing Status:
  • Active
5
out of 5

Ocean City Elementary School
Public
School Grade Level PRESCHOOL-4
School Students 600 students
School Teachers 14 student/
teacher
5
out of 5

Stephen Decatur Middle School
Public
School Grade Level 7-8
School Students 657 students
School Teachers 12 student/
teacher
4
out of 5

Stephen Decatur High School
Public
School Grade Level 9-12
School Students 1376 students
School Teachers 16 student/
teacher
  • Basement Square Footage:
  • 45
  • Building Condition:
  • Very Good
  • Dwelling Type:
  • Detached
  • Exterior Features:
  • Bbq Grill, Exterior Lighting, Secure Storage
  • Finished Above Ground Square Footage:
  • 6000
  • Finished Square Feet:
  • 6000
  • Fireplace:
  • Yes
  • Furnished:
  • Yes
  • Interior Features:
  • Additional Stairway, Carpet, Dining Area, Entry Level Bedroom, Primary Bedroom - Ocean Front, Wood Floors
  • Other Buildings:
  • Above Grade, Below Grade
  • Other Buildings:
  • Carriage House
  • Square Footage Source:
  • Estimated
  • Stories:
  • 3
  • Style:
  • Coastal
  • Total Building Square Footage:
  • 6045
  • Type Of Roof:
  • Architectural Shingle
  • Unfinished Basement Square Footage:
  • 45
  • View:
  • Ocean
  • Year Built:
  • 1938
  • Year Built Source:
  • Estimated
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Square Footage:
  • 7100.00
  • Days On Market:
  • 101
  • Excluded:
  • 2 Small Mirror Tables Plants 2nd Floor: Artwork On Mantle And Vases 3 Bird Paintings 2 Wall Mirrors With Crystal Frames 2 Small Glitter Lamps The Bedroom Sets In The 2 Back Rooms, Mirror Room And Brown Gold (all Beds Will Be Left For Buyer), These 2 Bedroom Sets Will Be Replaced With White Wicker Sets On 3rd Floor, Meaning All Apartments Except For The 3rd Floor Will Come Furnished 3rd Floor: Personal Wall Art Big Dining Room Table
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Building Name:
  • None Available
  • In City Limits:
  • Yes
  • Street Type:
  • Avenue
  • Subdivision:
  • None Available
  • Tax Municipality:
  • Ocean City
  • City Taxes:
  • 4163.00
  • County Taxes:
  • 7716.00
  • Price Per Square Foot:
  • 416.67
  • Property Taxes:
  • $12,901
  • Tax Year:
  • 2020
  • Full Bathrooms At Basement Level:
  • 4
  • Full Bathrooms On Main Level:
  • 2.00
  • Full Bathrooms On Upper Level:
  • 2
  • Laundry:
  • Has Laundry
  • Parking Description:
  • Paved Parking
  • Parking Spaces:
  • 8
  • Parking Type:
  • Driveway
  • Pool Description:
  • No Pool
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Heat Pump(s)
  • Heating Fuel:
  • Electric
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Electric
  • Has Water Access:
  • Yes
  • Water Access Type:
  • Public Beach
  • Water Body Type:
  • Ocean
  • Water View:
  • Yes
  • Waterfront:
  • Yes
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Berkshire Hathaway Homeservices Penfed Realty
  • © 2020 BRIGHT, All Rights Reserved BRIGHT
  • Schools information provided by ATTOM

Similar Properties

Image Unavailable
$2,299,900
Virtual Tour
316 N Heron Gull Ct, Ocean City, MD 21842
6 Beds | 6 Baths
BRIGHT Listing Provided By Coldwell Banker Realty
ACTIVE
Image Unavailable
$2,650,000
Virtual Tour
12547 Ocean Reef Dr, Ocean City, MD 21842
6 Beds | 8 Baths
BRIGHT Listing Provided By Keller Williams Realty
ACTIVE