5908 Coastal Hwy #8A

Ocean City, MD 21842 View Map $3,700,000 Schedule a Tour
Beds20
Baths15Full51/2
Sq.Ft.2,022
Year2007
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Nicholas Bobenko

Nicholas Bobenko

(443) 614-9179
 
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Status: Active
Property Type:Residential
MLS #:MDWO2018470
Sq. Feet:2,022
On Site:71 Days
County:Worcester
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/11/2024$3,800,000$3,700,000-2.6%

Community Information

Address:5908 Coastal Hwy #8A, Ocean City, MD 21842
County:Worcester
Subdivision:Palm Coast
Zip Code:21842
Neighborhood:Ocean Block (82)

Architecture

Unit Number:#8A
Bedrooms: 20
Bathrooms: 15 Full / 5 Half
Year Built:2007
Stories:4
Style:Colonial
Construction: Vinyl Siding

Features / Amenities

Appliances: Dryer, Washer, Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Stove
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)
Exterior Spaces: Deck(s)
Garage Features: Other
Type of Parking: Attached Garage, Driveway
Garage (# of Spaces): 12.00
Air Conditioning: Central A/C
Primary Heat Type: Central

Rooms

LevelSizeDescription
FoyerMain Level
KitchenUpper 2 Level
Dining RoomUpper 2 Level
Living RoomUpper 2 Level

Property Features

Water Body Type: Ocean
View: Ocean
Driveway - # of Spaces: 3
Septic: Public Sewer
Water: Public
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $6,982 (paid Annually)
HOA: No
Condo Association: No

WALKING AND TRANSPORTATION

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5908 Coastal Hwy #8A Ocean City,  MD 21842
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5908 Coastal Hwy #8A Ocean City, MD 21842
 
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Listing Information Last Updated 4/15/2024
Listing provided courtesy of Berna Kimber, Redfin Corp.
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