Ocean City Oceanblock
104 5TH ST #2B
OCEAN CITY, MD 21842
499999 OCEAN CITY, MD 21842
MLS Number: MDWO2021396
Beds: 2
Baths: 1 Full / 1 Half
Description
$10k rate buy down/seller assistance on a full price offer. Looking for a personal spot at the beach, or a very successful rental property, this one is for you! This first-floor condo on 5th street is in the perfect location walk to all of the main attractions in Ocean City. This condo has been fully remodeled throughout to include Mitsubishi Mini Splits (cooling and rapid heating). Only one block to the beach and boardwalk. With an open floor plan, there is plenty of room for guests to stay. Currently, this 2-bed, 1.5 bath property sleeps 8 guests. The condo has very low HOA's ($2,000/year only $167 a month, paid semi-annually). No current assessments or plans to raise the HOA fees!! Sold furnished!! This property brought in just over $46k last year as rental. Currently, for 2024, there are $20k in rentals so far and it is on pace to be in the $40's again this year. This condo prints money!! If interested in using this property as a rental, the current property management company charges 12% of the nightly rate if the new owner has interest in continued rental success and a seamless transition. 2024 Rentals must be honored. General Details
Bedrooms: 2 Bathrooms, Full: 1
Bathrooms, Half: 1
County: WORCESTER
Year Built: 1963
Sub-Division: NONE AVAILABLE
Area: 790
Financing: Cash,Conventional
Sewer: Public Sewer
Community Information
Zoning: R-3 Exterior Features
Garage(s): N Pool: No Pool
Style: Unit/Flat
Waterfront: N
Waterview: N
Interior Features
Basement: N Heating: Heat Pump(s)
Cooling: N
Fireplace: N
Water: Public
Lot Information
Dimensions: 0.00 x 0.00 School Information
School District: WORCESTER COUNTY PUBLIC SCHOOLS Fees & Taxes
City Taxes: 607 Condo Fee: 2000
County Taxes: 1135
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