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205 10th St, Ocean City, MD 21842

$799,000
: 2,744
SqFt

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List Price: $799,000
Price Change: ▼ $40,900 1790706671
Status: ACTIVE
MLS#: MDWO2032146
Living Area: 2,744
Lot Size (Acres): 0.31
Style: Coastal
Year Built: 1950
County: Worcester
School District: Worcester County Public Schools

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Property Description

Large price drop due to the fact that the building is not being sold with the lot next door. Just the multi family home for sale. A rare chance to own a fully updated four-unit investment property just two blocks from the beach and Boardwalk in downtown Ocean City. Located at 205 10th Street, this 2,744 sq. ft. property offers four move-in-ready units with a versatile mix of accommodations: two spacious three-bedroom, two-bath units, a large one-bedroom, one-bath unit with a full kitchen and living area, and a rear efficiency unit with a private entrance. The property has undergone significant renovations inside and out, including a completely updated front façade with three levels of decks, new vinyl railings and steps, a new roof, interior upgrades throughout, and a new kitchen in Unit 1. Each unit has its own porch and is furnished with updated appliances and coastal-inspired décor. A shared coin-operated laundry facility provides an added convenience for tenants and guests while creating an additional source of revenue. With four separate units and a highly walkable downtown location close to the beach, Boardwalk, restaurants, nightlife, shopping, and Ocean City attractions, 205 10th Street offers multiple possibilities for vacation rentals, seasonal rentals, or a combination of investment and personal use. For an investor looking for an established multi-unit property in one of Ocean City’s most desirable rental areas, this one deserves a closer look.

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Additional Information

Area: Bayside Interior (83)
Building Name: None Available
Interior Features: Multiple Staircases, Breakfast Area, Ceiling Fans, Dining Combo, Entry Level Bedroom, Open Floor Plan, Eat-in Kitchen, Upgraded Countertops, Wood Floors
School District: Worcester County Public Schools
Elementary School: Ocean City
Middle School: Stephen Decatur
High School: Stephen Decatur
Flooring: Tile, Vinyl
Exterior Features: Lighting, Fire Escape, Playground, Sidewalk, Street Lights
View: City, Street
Heating: Wall Furnace, Electric Baseboard
Cooling: Ductless Mini-Split, Ceiling Fan(s), Window/Wall
Roof: Architectural
Utilities: Natural Gas Available, Cable Available, Phone Available
Water: Public
Sewer: Public Sewer