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5908 COASTAL HIGHWAY
OCEAN CITY MD 21842 US

$3,700,000

Active Listing ID MDWO2017716
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$3,700,000

Active Listing ID MDWO2017716
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5908 COASTAL HIGHWAY 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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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central A/C
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3700000
  • unparsedaddress: 5908 COASTAL HIGHWAY
  • postalcity: OCEAN CITY
  • stateorprovince: MD
  • country: US
  • postalcode: 21842
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 2022
  • livingareaunits: Square Feet
  • latitude: 38.38319
  • longitude: -75.06663
  • listagentfullname: Berna Kimber
  • listagentemail: berna.kimber@redfin.com
  • listagentkey: 3yd-TRENDPA-3107501
  • listagentmlsid: 3107501
  • listagentpreferredphone: 5714771630
  • listagentofficephone: 3016586186
  • listofficekey: 3yd-TRENDPA-REFC2
  • listofficemlsid: REFC2
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 2007
  • listingcontractdate: 2024-01-01
  • listagenturl: http://www.redfin.com
  • countyorparish: WORCESTER
  • elementaryschooldistrict: WORCESTER COUNTY PUBLIC SCHOOLS
  • middleorjuniorschooldistrict: WORCESTER COUNTY PUBLIC SCHOOLS
  • highschooldistrict: WORCESTER COUNTY PUBLIC SCHOOLS
  • appliances: Dishwasher, Dryer, Microwave, Washer
  • cooling: Central A/C
  • constructionmaterials: Vinyl Siding
  • heating: Central Furnace
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 15
  • view: Water
  • waterfrontyn: False
  • interiorfeatures: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Kitchen - Eat-in, Kitchen - Island
  • architecturalstyle: Colonial
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.06663, 38.38319
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/5908-Coastal-Hwy_Ocean-City_MD_21842_M94890-48924?f=listhub&s=TRENDPA&m=MDWO2017716&c=rexren", "LeadRoutingEmail":"berna.kimber@redfin.com", "BrokerName":"Redfin Corporation", "ListingTitle":"Colonial, Interior Row/Townhouse - OCEAN CITY, MD", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"karen.krupsaw@redfin.com", "ListOfficeAddress1":"540 Gaither ROAD", "ListOfficeAddress2":"500", "ListOfficeCity":"Rockville", "ListOfficePostalCode":"20850", "ListOfficeStateOrProvince":"MD", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Redfin Corporation", "ListBrokeragePhone":"(571) 477-1630", "ListBrokerageEmail":"karen.krupsaw@redfin.com", "ListBrokerageWebsiteUrl":"http://www.redfin.com", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"150 N Washington St.", "ListBrokerageUnitNumber":"Suite 500", "ListBrokerageCity":"Falls Church", "ListBrokerageStateOrProvince":"VA", "ListBrokeragePostalCode":"22046", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-11T11:19:48Z", "Neighborhoods":[{"Name":"Ocean City", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":6982, "TaxDescription":null}]}
Listing Changed: 4/20/2024 2:55:43 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Berna Kimber, Redfin Corp, berna.kimber@redfin.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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