1215 Atlantic Ave, Ocean City, MD, 21842

1215 Atlantic Ave, Ocean City, MD, 21842 < >
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for sale
$2,500,000
Bedrooms:15
Bathrooms:8
Square Feet:6000
Lot Size:0.16 Acres
Year Built:1938
Status:Active
MLS #:MDWO116224
Date Updated:
For information contact:
Mechelle Nichols
410-430-1575
MD 644668 DE RS-0025254
Get More Information
Go See This Home
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!
Interior Details
Above Grade Fin SQFT: 6000Architectural Style: Coastal
Bathrooms Full: 8Below Grade Fin SQFT: 0
Below Grade Finished Area Units: Square FeetWall & Ceiling Types: Dry Wall, Plaster Walls
Fireplaces Count: 2Levels Count: 3
Interior Features: Additional Stairway, Carpet, Dining Area, Entry Level

Exterior Details
Roof: Architectural ShingleView: Ocean
Water Access Features: Public BeachWater Access YN: Y
Water Body Type: OceanWaterfront YN: Y
Water Oriented YN: YNavigable Water YN: Y
Parking Features: Paved ParkingLot Size Acres: 0.16
Lot SQFT: 7100.00Exterior Features: BBQ Grill, Exterior Lighting, Secure Storage

Community Information
HOA YN: NSenior Community YN: N
Zoning: R-3MLS Area: Direct Oceanfront (80)
Location Type: OceanfrontCounty: WORCESTER
Subdivision Name: NONE AVAILABLE

School Details
School District Name: WORCESTER COUNTY PUBLIC SCHOOLSMiddle Or Junior School: STEPHEN DECATUR
Elementary School: OCEAN CITYHigh School: STEPHEN DECATUR

Property Information From MLS Data
Accessibility Features: NoneStory List: Lower 1, Main, Upper 1
Year Built: 1938New Construction YN: N
DOM: 30

Financial Information
Tax Annual Amount: 12901.0Tax Year: 2020
Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: Heat Pump(s)Heating Fuel: Electric
Hot Water: Electric

Listing Information Courtesy of:
List Office Name: Berkshire Hathaway HomeServices PenFed Realty
List Agent Full Name: Mechelle Nichols

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Information obtained from Bright MLS is current as of 9/27/2020 1:38 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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