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5908 Coastal Highway Ocean City, MD $ 3,700,000
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$ 3,700,000 Get more info
5908 Coastal Highway
$ 3,700,000
Back to search
Share Save

5908 Coastal Highway

Ocean City, MD, 21842
$ 3,700,000
Baths0.0

Monthly Estimate*

$ 24,591

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View a Virtual Tour
Studio

Multi-Family Home for sale in Ocean City, MD

for $3,700,000. This home was built in 2007.

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.

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Multi-Family Active

Price

$ 3,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,982

Style

Colonial

Year Built

2007

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2017716
Features
General
Interior Features Combination Dining/Living Combination Kitchen/Dining Combination Kitchen/Living Dining Area Kitchen - Eat-In Kitchen - Island
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Negotiable Settlement
Appliances Dishwasher Stove Microwave Dryer Washer
Zoning R
Garage Spaces 12.00
Patio/Porch Features Deck(s)
Architectural Style Colonial
Construction Materials Vinyl Siding
School District WORCESTER COUNTY PUBLIC SCHOOLS
Year Built 2007
View Ocean
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Gross Income 301802.25
Accessibility None
County WORCESTER
Insurance Expense 12929.01
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Please use GPS for directions
City OCEAN CITY
Buyer Agent Compensation 0
NumberOfUnitsTotal 1
MLS Area Ocean Block (82)
Lot Size Units Square Feet
Lot Size Square Feet 0.00
Waterfront Y/N N
Number of Units Leased 5
Tax Annual Amount 6982.0
Property Condition Good
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 1829.87
Rent Control Y/N N
Vacation Rental Y/N N
Virtual Tour https://my.matterport.com/show/?m=UBppA2MoiM2
Days on Market 172
Lease Type Weekly
Standard Status Active
Year Built Source Assessor
Legal Subdivision PALM COAST CONDO
Tax Lot 8A
Total Actual Rent 301802.25
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Garage Features Other
Type of Parking Attached Garage Driveway
Foundation Details Other
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.00
Water Body Type Ocean
Lot Size Source Estimated
Navigable Water Y/N Y
Water Oriented Y/N Y
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Internal Only
Street Number 1 5908
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* Excluded Features
List By
Redfin Corp

Broker

berna.kimber@redfin.com

Email

Affordability Calculator

$25,173
Per Month
98%
2%
0%
Monthly Principal & Interest
$24,591
Monthly Property Taxes
$582
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/11/2024$3,700,000 -2.63% Price Down
12/19/2023$3,800,000 Listed Price

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5908 Coastal Highway, Ocean City, MD, 21842 is a Multi-Family Home for sale at $3,700,000. 5908 Coastal Highway is a studio with 0.0 baths and was built in 2007. The property's zip code is 21842 which is in Ocean City, MD

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