10 87TH Street , U1-U5

    OCEAN CITY, MD 21842
    • $699,000
    • STATUS: Active
    • ON SITE: 152 days
    • ID#: 1001799570
    UPDATED: 51 min ago
    $699,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,772
      SQFT
    • $252
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Five unit apartment building located on the oceanblock a short distance to the beach. All units are 1 bedroom / 1 full bath. Two apartments located on the first floor and two located on the second floor are 504 square feet each. The third floor apartment is 756 square feet. Three of the units have been renovated. There are year round tenants in four units with consistent rental income. Property is zoned R-3. ''Determination of Non-Conformity'' is in progress with the Town of Ocean City to determine that the existing building could be rebuilt with the same amount of units. Architectural renderings designed by the Seller in the listing photos show potential rebuild option.

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    ©2018 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: 2018-11-12T12:00:15.81.
    www.darthomes.com/homes/84551898

    10 87TH Street , U1-U5 OCEAN CITY, MD 21842

    • Price: $699,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: 1001799570
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,772
    SQFT
    $252
    $/SQFT
    1960
    Built
    Neighborhood:
    None Available
    County:
    Worcester
    Area:
    Ocean Block (82)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    Five unit apartment building located on the oceanblock a short distance to the beach. All units are 1 bedroom / 1 full bath. Two apartments located on the first floor and two located on the second floor are 504 square feet each. The third floor apartment is 756 square feet. Three of the units have been renovated. There are year round tenants in four units with consistent rental income. Property is zoned R-3. ''Determination of Non-Conformity'' is in progress with the Town of Ocean City to determine that the existing building could be rebuilt with the same amount of units. Architectural renderings designed by the Seller in the listing photos show potential rebuild option.
    Exterior Features

    Architectural Style Other Construction Materials Vinyl SidingStick Built Direction Faces South Garage YN No Location Type Corner Lot/Unit Lot Features Cleared Other Structures Above Grade Parking Features Unpaved Parking Types Off Street Pool No Pool Riparian Rights YN No Road Responsibility Public Road Surface Type Black Top Roof Asphalt Soil Types Sandy View OceanWater Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Appliances DishwasherDisposalDryerDryer - ElectricMicrowaveOven/Range - ElectricRefrigeratorStoveWasherWater Heater Basement YN No Building Area Total 2772.00 Building Features Refrigerator(S)Refrigerator(S)Oven/Range(S) Cooling Window Unit(S) Exclusions Personal items Of Tenants Fireplace YN No Flooring CarpetOther Heating Baseboard Heating YN Yes Inclusions Property To Convey As Shown. Interior Features Skylight(S)Ceilngfan(S)Carpet Living Area 2772 Net Square Feet 2772.00 Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished All

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2018 Association YN No Building Name Coral Mist Central Air YN No Condo YN No Construction Completed YN No Cooling Fuel Electric Electric Other Existing Lease Type Yearly Federal Flood Insurance Yes Federal Flood Zone X Foundation Details Block Gross Income 36600.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Ocean City Lease In Effect Yes Metering Fully Separate Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 1 Number Of Units Vacant 1 Original MLSNumber 20180605191532585683000000:CAR Owner Pays InsuranceRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWaterCommon Area MaintenanceLawn/Shrub Care Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 8842.0 Tax Assessment Amount 616000.0 Tax Lot 1 Tenant Pays Utilities - AllCable TvElectricityHeat Utilities Cable Tv Vacation Rental YN No Water Sewer Expense 506.00 Water Source Public Window Features SkylightsScreens Zoning R-3 Zoning Description Residential

    Listing courtesy of Condominium Realty, Ltd.
    ©2018 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: 2018-11-12T12:00:15.81.
     
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