8 Baltimore Ave
Ocean City, MD 21842
Beachview OC · Multifamily Property For Sale
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4 Units
Executive Summary
The building has 4 - 4 bedroom / 4 ½ bathroom ocean side and block townhome units in downtown Ocean City 200 feet from the boardwalk and widest beach area. The building is in walking distance of the majority of Ocean City’s major attractions. Each unit has a beach and ocean view with a Jacuzzi tub and personal elevator inside the unit. The building is very close to the entrance of ocean city which is very convenient for families to come in to their rental. We book EVERY possible date in all seasons and revenues are great. This is a turnkey profitable business. ? All units located in prime locations with 90% occupancy rate in prime season ? Turnkey net profit in first year with current rents transferred over for operating cash on hand. ? Great Cap Rate which will continue to increase with increasing rents each year. ? Each unit produces an average of $62,000 annual gross rental revenue ? Successful management and maintenance team already in place ? Building produces and average of 115 bookings overall per year with a large base of repeat renters and referrals ? Properties receive great reviews and increase 30-40 repeat renters base every year ? Properties have premier partner / super host status on Homeaway/VRBO/Airbnb
Property Facts
| No. Units | 4 | Building Size | 9,920 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 2011/2015 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 0.50 AC | APN / Parcel ID | 10-028760 |
| Zoning | RO | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 9,920 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built/Renovated | 2011/2015 |
| Parking Ratio | 1.31/1,000 SF |
| APN / Parcel ID | 10-028760 |
| Zoning | RO |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Wi-Fi
- Porch
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Waterfront
- Smoke Free
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 4 | $2,650 | 2,400 |
