509 511 N Baltimore Avenue Ocean City, MD 21842
J1 Students just approved to come back for 2021. Paying 1500-2000 per bed A great way to get your feet wet in the rental business. An investors dream in an unbeatable location, properties like this are few and far in between! Operate as is with over $200,000 in income or redevelop as you see fit. Two adjoining lots (Tax ID: 10-0322725 and 10-032709) consisting of 3 historic buildings with a total of 8 units. Located between 5th and 6th streets on Baltimore Ave just 1 short block from the beach and boardwalk in Downtown Ocean City. 509 Baltimore Ave consists of a 4-plex with 4 identical 3 bedroom 2 bath units each set up to sleep up to 10. Behind that sits a small duplex with an efficiency on the first floor and a 1 bedroom on the second. Next door 511 Baltimore is a duplex with 3 bedroom 1.5 bath unit on 1st floor and large 4 bedroom 2 bath unit on the 2nd and 3rd floors. All units have updated kitchens and baths and great front porches. Total of 13 parking spaces between the two lots. Sold as-is, fully furnished, and ready to hit the ground running in 2021.
property details
Interior Features
Ceramic Tile
Wood
Electric Oven
Cooktop
Dishwasher
Disposal
Microwave
Refrigerator
Exterior Features
On Street
Private
Utility & Building Info
Central
Price History
| date | event | price | source |
|---|---|---|---|
|
11/20/2020
11/20/2020
|
Active |
$1,399,000
|
Bright MLS (MDBMLS-R) |
Market Trends
Source: Constellation1
Mortgage Calculator
- Principal {{ parseInt(priciplePayment).formatThousands(0) }}
- Interest {{ parseInt(interestPayment).formatThousands(0) }}