• 5908 Coastal Highway #8A OCEAN CITY, MD 21842

  • $3,700,000
  • 20
    Bed(s)
  • 15.5
    Baths
  • 2,022
    Sq Ft

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.

Property Type :

Residential

Subdivision :

Palm Coast

County :

WORCESTER

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 20

Total Bedroom (Upper): 20

Bedroom Upper Level 1: 10

Bedroom Upper Level 1: 10

Bathroom Information

Total Baths: 20

Full Baths: 15

Half Baths: 5

Water/Sewer

Water Source : Public

Room Information

Patio/Porch Features: Deck(s)

Interior Features

Combination Dining/Living,Combination Kitchen/Dining,Combination Kitchen/Living,Dining Area,Floor Plan - Open,Kitchen - Eat-In,Kitchen - Island,Kitchen - Gourmet,Primary Bath(s)

Property Appliances: Dryer,Washer,Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Stove

Heating & Cooling

Cooling: Central A/C

Heating: Central

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Building Information

Year Built: 2007

Structure: Other

Major Appliances: Dryer,Washer,Cooktop,Dishwasher,Disposal,Microwave,Refrigerator,Stove

New Construction: No

Built: 2007

Construction Material: Vinyl Siding

Architecture: Colonial

Pool/Private: No Pool

Exterior Features

Building Name: NONE AVAILABLE

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Natural Gas

Lot Information

Lot Size: 0

Dimensions: 0.00 x 0.00

Lot Size (Acres): 0.00

Architectural Style: Colonial

Main Square Feet: 0

Property Information

SQ ft: 2,022

SQ ft (Living Area): 2,022

Total Lot SQ ft: 0

View: Ocean

Subdivision: PALM COAST

Appx. Lot Dimensions: 0.00 x 0.00

Total Acreage: 0.00

New Construction: No

Type: Colonial

Listing Information

Possession: Negotiable,Settlement

Days Of Market: 87

Lease Information

Lease Considered: No

Tax Information

Annual Tax: $6,982

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Negotiable,Settlement

Assessment Information

Taxes Assessment Amount: $495,300

Parking Information

Total Parking Spaces: 15

Parking Type: Attached Garage,Driveway

Has Garage: Y

Garage Type: Other

Garage Space: 12

# of Attached Garage Spaces: 12

Multi-Unit Information

Unit: 8A

Homeowners Association Information

Direction: Please use GPS for directions

School Information

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Utility Information

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Hot Water: Natural Gas

Location Information

Direction: Please use GPS for directions

Homes around $3,700,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9750 Marthas Landing Ro.., Ocean City, MD,21842 $9,990,000 6 7.5 7,634 17919 Sqft
Keyser Point Road , Ocean City, MD,21842 $420,000 -- -- 197,327 197327 Sqft
110 Sand Dollar Lane , Ocean City, MD,21842 $196,500 2 1.0 470 --
12004 Ocean Gateway , Ocean City, MD,21842 $900,000 -- -- 304,920 304920 Sqft
4306 Coastal Highway , Ocean City, MD,21842 $1,950,000 3 2.5 3,448 7150 Sqft
4302 Coastal Highway , Ocean City, MD,21842 $599,000 3 2.0 1,248 3575 Sqft
Blue Marlin , Ocean City, MD,21842 $485,000 -- -- 673,002 673002 Sqft
8240 Wilmington Lane , Ocean City, MD,21842 $855,000 4 3.0 -- --
13444 Madison Avenue , Ocean City, MD,21842 $750,000 3 2.0 2,000 5000 Sqft
10539 Sussex Road , Ocean City, MD,21842 $1,995,000 4 3.5 -- 28401 Sqft

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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/03/2024 @ 10:42

MLS: MDWO2018470
LISTED BY: Berna Kimber , Redfin Corp
SOURCE: BRIGHT MLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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