Active

5 87th St #301

Ocean City MD, 21842

$1,750,000


$642.20 per sqft

Active

5 Beds

4.5 Baths

2,725 sqft

Condo

Built in 2007

This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all you have to do it start collecting the rental income. Sunset also features LVP flooring, granite counters & island, tray ceilings as well as sliders and windows galore. To the east of this unit sits a beautifully decorated terrace perfect for entertaining and or family gatherings. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity that could bring in over $140k+- in gross rental income per year per unit Must be sold with unit 303 mls #MDWO2017508 Or you may want to keep one for personal use and rent the other, either way this is an opportunity that doesn't come around often and will not be around for long! Both units combined could generate upwards of $280k+- Please note video tour shows both units combined

MDWO2017506

MLS ID

February 15, 2024

Updated

Map

5 87th St #301
Ocean City MD, 21842

Interior Features

Total Stories

4


Bedrooms

5 Beds


Bathrooms

4.5 Baths


Interior Features

Elevator, Bar, Central Vacuum


Appliances

Dishwasher, Disposal, Refrigerator, Microwave, Cooktop, Washer, Electric Water Heater, Dryer


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Heat Pump, Electric, Exhaust Fan

Exterior/Building Features

Architectual Style

Unit/Flat


Sewer

Public Sewer

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS


High School

STEPHEN DECATUR


Elementary School

OCEAN CITY

Other Property Details

Area Name

Ocean City


Taxes

$8,642


Tax Frequency

Annually


Days on Market

55


Association Amenities

None


Garage

No


Parking Total

3


View

No


County

WORCESTER


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listed by Jenny Sheppard, with Sheppard Realty Inc
Listing Contact: 4437830299 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. 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 2/15/2024 at 10:22 PM UTC

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