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10 87th St
Ocean City, MD 21842
Coral Mist · Multifamily Property For Sale · 5 Units

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 2,772 SF
Average Occupancy 80%
No. Stories 3
Year Built 1960
Parking Ratio 1.8/1,000 SF
Zoning R-3

ABOUT 10 87TH ST , OCEAN CITY, MD 21842

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.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 15 $750.00 504
  • Listing ID: 12804732

  • Date on Market: 6/8/2018

  • Last Updated:

  • Address: 10 87th St, Ocean City, MD 21842

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