Open House: Sat, Apr 20th 10:00 AM - 1:00 PM EDT

Active

5908 Coastal Hwy

Ocean City MD, 21842

$3,700,000


$1,829.87 per sqft

Active

2,022 sqft

Residential

Built in 2007

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

MDWO2017716

MLS ID

April 12, 2024

Updated

Map

5908 Coastal Hwy
Ocean City MD, 21842

Interior Features

Interior Features

Eat-in Kitchen, Kitchen Island


Appliances

Dishwasher, Dryer, Microwave, Cooktop, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Architectual Style

Colonial


Sewer

Public Sewer

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS

Other Property Details

Area Name

Ocean City


Taxes

$6,982


Tax Frequency

Annually


Days on Market

102


Garage

Yes


Garage Spaces

12


Parking

Attached


Parking Total

15


View

Yes


View Description

Water, Ocean


County

WORCESTER


Water Source

Public


Pool

No


Waterfront

Yes

Listing History

Date

Event

Price

4/11/2024

Price Change

$3,700,000

-3%

1/1/2024

Active

Open House Schedule

Sat, Apr 20th

10:00 AM - 1:00 PM EDT

Listed by Berna Kimber, Kimberly M Dixson with Redfin Corp
Listing Contact: 3012542205 

The IDX display contains information sourced from the Bright MLS, Inc. as of 4/12/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 4/12/2024 at 8:01 PM UTC

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