5 87th St #301

Ocean City, MD 21842 View Map $1,750,000 Schedule a Tour
Beds5
Baths4Full11/2
Sq.Ft.2,725
Year2007
Dave Whittington

Dave Whittington

(410) 430-5283

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Status: Active
Property Type:Unit/Flat
MLS #:MDWO2017506
Sq. Feet:2,725
On Site:111 Days
County:Worcester
This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all you have to do it start collecting the rental income. Sunset also features LVP flooring, granite counters & island, tray ceilings as well as sliders and windows galore. To the east of this unit sits a beautifully decorated terrace perfect for entertaining and or family gatherings. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity that could bring in over $140k+- in gross rental income per year per unit Must be sold with unit 303 mls #MDWO2017508 Or you may want to keep one for personal use and rent the other, either way this is an opportunity that doesn't come around often and will not be around for long! Both units combined could generate upwards of $280k+- Please note video tour shows both units combined

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:5 87th St #301, Ocean City, MD 21842
County:Worcester
Zip Code:21842
Neighborhood:Ocean Block (82)
Building Name:St Kitts

School Information

High School:Stephen Decatur
Elementary School:Ocean City

Architecture

Unit Number:#301
Bedrooms: 5
Bathrooms: 4 Full / 1 Half
Year Built:2007
Stories:4
Style:Unit/Flat
Construction: Cement Siding

Features / Amenities

Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Interior Features: Bar, Ceiling Fan(s), Central Vacuum, Combination Dining/Living, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Window Treatments
Unit Floor: 3
Type of Parking: Parking Lot
Air Conditioning: Ceiling Fan(s), Central A/C, Heat Pump(s)
Primary Heat Type: Heat Pump(s)

Property Features

Parking Lot - # of Spaces: 3
Septic: Public Sewer
Water: Public
Municipality: Ocean City

Tax and Financial Info

Property Taxes: $8,642 (paid Annually)
HOA: No
Condo Association: Yes
Condo Fee: $3,140 (paid Quarterly)
Fees Include: Ext Bldg Maint, Insurance, Management

Schools

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5 87th St #301 Ocean City,  MD 21842
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5 87th St #301 Ocean City, MD 21842
 
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Listing Information Last Updated 2/25/2024
Listing provided courtesy of Sheppard Realty Inc.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Dave Whittington are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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