207 Saint Louis Ave, Ocean City, MD 21842
- $1,800,000
- List Price
- $1,800,000
- Status
- ACTIVE
- Days on Market
- 138
- Price Change
- ▼ $100,000 1782180309
- MLS#
- MDWO2036988
- Year Built
- 1940
- Lot Size
- 6,969
- Acres
- 0.16
- MLS Area Major
- Bayside Interior (83)
Property Description
Looking for the perfect investment? Look no further than 207 Saint Louis! Within the last five years, the entire property has been completely remodeled down to the studs. All new electrical and plumbing systems were installed, in addition to an updated fire sprinkler system and exterior updates like a new roof, new siding and new paving. Property consists of two buildings, one main building containing ten bedrooms and a rear building containing two additional units and the addition of a $75,000 commercial on-site laundry facility. These units have been fully rented each season, resulting in just over $150,000 in income per year with the current rental schedule with opportunity for more! For ease of ownership and management, a $15,000 remote programmable lock system has been installed throughout the property and over $100,000 of commercial-grade furniture will convey. Call to schedule your showing today!
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Additional Information
- Taxes
- $6,245
- Zoning
- DR
- Heating
- Forced Air
- Air Conditioning
- Central A/C
- Parking
- Paved Parking, Private
- School District
- Worcester County Public Schools
- Number Of Units
- 12
Mortgage Calculator
Listing courtesy of Coldwell Banker Realty. Contact: 4438562211