1601 Philadelphia Avenue

    OCEAN CITY, MD 21842
    • $4,000,000
    • STATUS: Active
    • ON SITE: 2 days
    • ID#: MDWO110366
    UPDATED: 31 min ago
    $4,000,000
    • 0
      BEDS
    • 0.74
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This is an incredible investment opportunity to help your buyer acquire a property with a 7% return. Located in downtown Ocean City, this is a mainstay of the town. The front three units are triple net.

    Monthly Payment Calculator

    ©2019 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. 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: 2019-11-11T19:50:58.09.
    www.remaxcoastandcountryeasternshore.com/homes/100664070

    1601 Philadelphia Avenue OCEAN CITY, MD 21842

    • Price: $4,000,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: MDWO110366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.74
    Acres
    1964
    Built
    Neighborhood:
    Bayside Interior (83)
    County:
    Worcester
    Area:
    Bayside Interior (83)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    This is an incredible investment opportunity to help your buyer acquire a property with a 7% return. Located in downtown Ocean City, this is a mainstay of the town. The front three units are triple net.
    Exterior Features

    Construction Materials BlockBrickBatts Insulation Garage YN No Parking Types On StreetParking Lot Property Condition Average+ Riparian Rights YN No Roof Built-UpCool/WhiteFlatRubberMetal Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 15336.00 Cooling Central A/C Flooring CarpetConcreteCeramic TileHardwood Heating Other Heating YN Yes Inclusions All Trade Fixtures Net Square Feet 31799.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2019 Association YN No Building Name None Available Business Type Professional Central Air YN Yes Cooling Fuel Electric Foundation Details Slab Gross Income 312519.00 Heating Fuel ElectricNatural Gas Hot Water Electric Incorporated City Name Ocean City Lease Considered YN No Navigable Water YN N Net Operating Income 277000.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 302150115812 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 18639.0 Tax Assessment Amount 1319500.0 Tax Lot 3353 Vacation Rental YN No Water Source Public Zoning Lc-1

    Listing courtesy of 1ST CHOICE PROPERTIES LLC.
    ©2019 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. 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: 2019-11-11T19:50:58.09.
     
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