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508 Edgewater Avenue

OCEAN CITY, MD 21842
  • $925,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: MDWO2015792
Under Contract
UPDATED: 52 min ago
$925,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,294
    SQFT
  • $281
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Information

High School:

Description

508 Edgewater Avenue, Ocean City, MD. Unique Investment Property. 3 Apartments, 6 bedrooms, 4baths. Welcome to an extremely desirable vacation rental/investment property in downtown Ocean City. This charming property has 3 apartments, a fantastic downtown Ocean City location, in a tranquil bayside neighborhood less than 100 feet from the bay. The property has a long history of short-term and long-term rental revenue. It has no HOA.Apartment #1, 1 st floor, is approximately 550 sq ft. It sleeps 4 and features 1 bedroom, 1 full bath, fullkitchen, washer/dryer, and a spacious living area with picture window.Apartment #2, 1 st floor, is approximately 1,000 sq ft. It sleeps 6 and features 2 bedrooms, 1 full bath, fullkitchen, washer/dryer, and a large, covered porch.Apartment #3, 2 nd floor, is approximately 1,700 sq ft. It sleeps additional persons due the oversized bedrooms and features 3 bedrooms, 2 full baths,full kitchen, separate washer/dryer, a very large living area, and a very large wrap-around sun deck.Step inside any of the 3 apartments and experience Ocean City charm. The spacious living areas in eachapartment boast a stylish and comfortable atmosphere, feature practical seating, and beachy d+-cor.Each fully equipped kitchen offers modern appliances and ample counter space for preparing meals.Parking is available for 4 cars. A public paid parking lot is close by. This exceptional property is a short distance to entertainment, pubs, shopping, beach, fabulous boardwalk, amusements, rides, and food.Located between 3rd and 4th streets (2 blocks away), the Ocean City Downtown Recreation Complexoffers a lighted multipurpose ballfield, and a small ballfield appropriate for youth softball games, as wellas a playground area. The complex also has basketball hoops and two hard tennis courts. The OceanBowl Skate Park is adjacent to the complex. Sold fully furnished.

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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 Sky Group of Long & Foster Real Estate. 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: 2023-09-28T18:53:26.76.
www.theskygroup.com/homes/142525244
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508 Edgewater Avenue OCEAN CITY, MD 21842

  • Price: $925,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 52 min ago
  • ID#: MDWO2015792
0
Beds
0
Baths
0
½ Baths
0.11
Acres
3,294
SQFT
$281
$/SQFT
1960
Built
Neighborhood:
Bayside Interior (83)
County:
Worcester
Area:
Bayside Interior (83)
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
508 Edgewater Avenue, Ocean City, MD. Unique Investment Property. 3 Apartments, 6 bedrooms, 4baths. Welcome to an extremely desirable vacation rental/investment property in downtown Ocean City. This charming property has 3 apartments, a fantastic downtown Ocean City location, in a tranquil bayside neighborhood less than 100 feet from the bay. The property has a long history of short-term and long-term rental revenue. It has no HOA.Apartment #1, 1 st floor, is approximately 550 sq ft. It sleeps 4 and features 1 bedroom, 1 full bath, fullkitchen, washer/dryer, and a spacious living area with picture window.Apartment #2, 1 st floor, is approximately 1,000 sq ft. It sleeps 6 and features 2 bedrooms, 1 full bath, fullkitchen, washer/dryer, and a large, covered porch.Apartment #3, 2 nd floor, is approximately 1,700 sq ft. It sleeps additional persons due the oversized bedrooms and features 3 bedrooms, 2 full baths,full kitchen, separate washer/dryer, a very large living area, and a very large wrap-around sun deck.Step inside any of the 3 apartments and experience Ocean City charm. The spacious living areas in eachapartment boast a stylish and comfortable atmosphere, feature practical seating, and beachy d+-cor.Each fully equipped kitchen offers modern appliances and ample counter space for preparing meals.Parking is available for 4 cars. A public paid parking lot is close by. This exceptional property is a short distance to entertainment, pubs, shopping, beach, fabulous boardwalk, amusements, rides, and food.Located between 3rd and 4th streets (2 blocks away), the Ocean City Downtown Recreation Complexoffers a lighted multipurpose ballfield, and a small ballfield appropriate for youth softball games, as wellas a playground area. The complex also has basketball hoops and two hard tennis courts. The OceanBowl Skate Park is adjacent to the complex. Sold fully furnished.
Exterior Features

Architectural Style Coastal Construction Materials AsbestosCopper PlumbingCpvc/PvcMixed PlumbingShingle SidingStick Built Door Features Six PanelInsulatedSliding GlassStorm Exterior Features Awning(S)Outbuilding(S)Outside ShowerSecure Storage Garage YN No Location Type Bayblock Lot Features ClearedCornerRear Yard Parking Features Concrete Driveway Parking Types DrivewayOff SiteOff StreetOn Street Patio And Porch Features Balconies- MultipleDeck(S)Porch(Es) Pool No Pool Riparian Rights YN No Road Surface Type Black Top Roof Asbestos Shingle View BayWater Water Access YN No Water Body Type Bay Water Oriented YN Yes Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 3294 Appliances Built-In MicrowaveDishwasherDisposalDryer - ElectricDryer - Front LoadingDual Flush ToiletsMicrowaveOven - DoubleOven - Self CleaningRefrigeratorStoveWasherWasher - Front LoadingWasher/Dryer StackedWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CMulti Units Exclusions Specific Memories Jar And Laminated Card in Each Property. Fireplace YN Yes Fireplaces Total 1 Flooring BambooCarpetCeramic TileHardwoodLaminated Heating Forced AirOther Heating YN Yes Rooms Total 14 Security Features Carbon Monoxide Detector(S)Smoke Detector Single Room Units 6 Spa YN No Three Bedroom Units 1 Two Bedroom Units 2 Units Furnished All Walls Ceilings 9'+ CeilingsCathedral CeilingsDry WallPaneled WallsWood CeilingsWood Walls

Property Features

Acceptable Financing Conventional Accessibility Features 2+ Access Exits Assessment Year 2023 Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Foundation Details Crawl SpaceBlock Heating Fuel Natural Gas Historic YN No Hot Water Multi-TankElectric Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802550279026 Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 8121.00 Tax Assessment Amount 586867.00 Tax Lot I Utilities Electric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning R-2

Listing courtesy of Berkshire Hathaway Homeservices Penfed 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 Sky Group of Long & Foster Real Estate. 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: 2023-09-28T18:53:26.76.
 
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The Sky Group of Long & Foster Real Estate
7700 Old Georgetown Rd, Suite 120
Bethesda MD, 20814