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OCEAN CITY Real Estate
Property For Sale


1215 ATLANTIC
OCEAN CITY Delaware


0 Bedrooms, 0 Bathrooms
Five Or More Units
Price: $2,500,000.00

Investor Alert! Located on Ocean City, Maryland's world-famous boardwalk, this spacious oceanfront apartment building holds endless opportunities. This 6000 sq. ft. building and 7100 sq. ft. lot features five separate apartments and 8 parking spaces making it an ideal opportunity or rental investment or reconstruction. The 3-story property includes a total of 15 bedrooms, 8 bathrooms, 5 kitchens, and oversized oceanfront porches with picturesque ocean views. Each unit is unique, incorporating hardwood floors, grand fireplaces, remodeled bathrooms, and updated kitchens. There are 2 oceanfront, 4 bedroom/2 bath units with expansive great rooms and dining rooms. 1 street level 4 bedroom/2 bath walkout with a private patio. 1 2 bedroom/1 bath street level and a 1-bedroom carriage house. The property boasts a rich rental history with potential gross income of $ $289,471 per year making this an excellent investment opportunity. The second season rental income potential allows for a year-round income stream. Over $150,000 in renovation upgrades have been done in the past 7 years making it turnkey business ready the day of settlement. The 11-year-old roof offers defense against winds up to 140mps. Indulge in a piece of Ocean City's history or redevelop to suit your needs.


Bedrooms: 0
Full Baths: 0
Half Baths: 0
Waterfront:
Waterview: Ocean View
Lot Dimensions: 0.00 x 0.00
Acreage: 0.16
Dwelling Sq Ft: 6000.00
Dock:
Garage: Parking Lot
Flooring: Carpet,Ceramic Tile,Hardwood
Heating: Heat Pump(s)
Cooling: Central A/C,Multi Units,Window Unit(s)


Appliances:
Interior Features:
Exterior Features:
HOA/Condo Ammenities:
County Taxes: $7,716
City Taxes: $4,163
Water Fee: $0
Sewer Fee:
$0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Courtesy of: Berkshire Hathaway HomeServices PenFed Realty
Listing Status: Active



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All Listings data based on information from Sussex County Association of REALTORS®, which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all its faults. Data maintained by Sussex County Association of REALTORS® may not reflect all real estate activity in the market. CROWLEY ASSOCIALTES REALTY, INC. is a Real Estate licensee in the State of Delaware License Number: SCAOR: #SCAOR07031

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