12304 Coastal Highway, Ocean City, MD 21842

$1,173,115
8
BD
4
BA
2,912
SqFt

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Sold Price
$1,173,115
List Price
$1,250,000
Closing Date
Feb 14, 2024
Days on Market
327
Status
CLOSED
MLS#
MDWO2011202
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
2,912
Lot Size (Acres)
0.23
Style
Coastal
Year Built
1960
County
Worcester
School District
Worcester County Public Schools

Property Description

This 4 unit building and additional lot are ready to go with everything being completely remodeled down to the studs and the electric all the way from the pole. New roof, siding, windows and doors were placed on the outside and the stairs were rebuilt to accommodate additional storage for each unit. Three head split units keep the temperature at your demand and a surrounding fence and storage unit makes the property very easy to manage. Continue to rent out this income producing property through 2023 as per the contract, but then use the unit at your leisure. Better yet, purchase the property as a primary residence, and let three additional units pay your mortgage. One day in the future, you can build an additional two units even with a garage underneath on the addition lot that is part of the sale. Possibilities are endless. Professional Photos to come

Additional Information

Area
Ocean Block (82)
Subdivision
None Available
Taxes
$10529
Stories
2
School District
Worcester County Public Schools
High School
Stephen Decatur
View
City, Ocean
Heating
None
Heating Fuel
Electric
Cooling
Ductless/Mini-Split
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty. Contact:

Selling Office: .