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12304 Coastal Highway

OCEAN CITY, MD 21842
  • $1,499,950
  • STATUS: Active Under Contract
  • ON SITE: 280 Days
  • ID#: MDWO2011662
Under Contract
UPDATED: 56 min ago
$1,499,950
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,912
    SQFT
  • $515
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

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

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gold Standard Group with eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T20:51:17.72.
www.viewmarylandhouses.com/homes/135595397
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12304 Coastal Highway OCEAN CITY, MD 21842

  • Price: $1,499,950
  • Status: Active Under Contract
  • On Site: 280 Days
  • Updated: 56 min ago
  • ID#: MDWO2011662
0
Beds
0
Baths
0
½ Baths
0.23
Acres
2,912
SQFT
$515
$/SQFT
1960
Built
Neighborhood:
None Available
County:
Worcester
Area:
Ocean Block (82)
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
Exterior Features

Architectural Style TraditionalSide-By-SideMid-Century Modern Construction Materials Frame Garage YN No Location Type Middle Of Block Parking Types Parking Lot Pool No Pool Property Condition Very GoodExcellent Riparian Rights YN No Roof Rubber View CityOcean Water Access YN No Water Oriented YN No Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 2912 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Unit 1 Personal Items Fireplace YN No Flooring Luxury Vinyl Plank Heating None Inclusions Fully Furnished As Shown Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 4 Walls Ceilings Dry Wall

Property Features

Acceptable Financing ConventionalCash Accessibility Features 32"+ Wide Doors2+ Access Exits Assessment Year 2022 Central Air YN No Cooling Fuel None Electric Other Elevators 0 Foundation Details Crawl Space Front Foot Fee 0.00 Heating Fuel Electric Historic YN No Hot Water Electric Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802076322978 Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 10529.00 Tax Assessment Amount 746933.00 Tax Lot 28 Vacation Rental YN No Water Source Public Zoning R-3A

Listing courtesy of Coldwell Banker Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gold Standard Group with eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-02T20:51:17.72.
 
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The Gold Standard Group with eXp Realty
Rockville MD,