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Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,576 sqft
Price per Sqft $363
Subdivision Non Development
MLS Listing ID MDWO2002958
Sold Date 04/25/22
Style Coastal
Abv Grd Liv Area 3,576
Originating Board BRIGHT
Year Built 2004
Annual Tax Amount $12,265
Tax Year 2021
Lot Size 6,000 Sqft
Acres 0.14
Lot Dimensions 50.00 x 120.00
Property Description
RARE FIND! Ocean block multi-family income producing property consisting of two 3 bedroom fully renovated apartments (918 sq. ft) and a 4 bedroom single family home (1740 sq. ft) built in 2004. Great midtown location close to all the attractions. All are fully furnished and just steps to the beach. Property is in the process of being converted to condominium ownership under the name Pelican Watch. The 2 story apartment building will be Unit A & B, and the house Unit C. Owner uses Unit B and does not rent it. In 2021 Unit A and Unit C produced $81k in Gross Rental Income. In addition, parcel is 6000 sq. ft and zoned R-3 with the potential to add one additional unit to the property. What are you waiting for?! An opportunity like this doesn't come up very often...or ever! Local financing options are available. Tax record reflects information for entire property.
Location
State MD
County Worcester
Area Ocean Block (82)
Zoning R-3
Interior
Interior Features Carpet, Ceiling Fan(s), Breakfast Area, Dining Area, Floor Plan - Open, Primary Bath(s), Recessed Lighting, Sprinkler System, Tub Shower, Upgraded Countertops, Window Treatments
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C, Ceiling Fan(s)
Flooring Carpet, Ceramic Tile
Equipment Built-In Microwave, Dishwasher, Dryer, Washer, Exhaust Fan, Refrigerator, Icemaker, Stove, Water Heater
Fireplace N
Window Features Screens
Appliance Built-In Microwave, Dishwasher, Dryer, Washer, Exhaust Fan, Refrigerator, Icemaker, Stove, Water Heater
Heat Source Electric, Natural Gas
Exterior
Exterior Feature Balconies- Multiple, Deck(s)
Utilities Available Cable TV Available, Phone Available
Waterfront N
Water Access N
View City, Ocean
Roof Type Asbestos Shingle
Street Surface Black Top
Accessibility None
Porch Balconies- Multiple, Deck(s)
Road Frontage City/County
Garage N
Building
Lot Description Cleared
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Coastal
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Ocean City
Middle Schools Stephen Decatur
High Schools Stephen Decatur
School District Worcester County Public Schools
Others
Tax ID 2410090938
Ownership Fee Simple
SqFt Source Estimated
Security Features Sprinkler System - Indoor,Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Grant K Fritschle • Keller Williams Realty Delmarva
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