Description
Unique multi-family investment opportunity with endless potential! Three parcels in the heart of Ocean City are being offered together or separately, featuring two multi-family buildings and one of the last remaining buildable lots in downtown OC. These properties generate $200,000+ in annual rental income and offer excellent upside potential. With the addition of another multi-family building, even more income. 904 St. Louis Ave is a 3,600 sq. ft. building with four units - two 3-bedroom, 2-bath units and two 2-bedroom, 1-bath units. Each unit is updated, fully furnished, and ready to rent, featuring open-concept living areas, solid surface flooring, and private entrances. Large decks provide ample outdoor space, perfect for relaxing after a day at the beach. This building also has 10 parking spots shared with the neighboring 10th Street building (also for sale), making it easy for guests to park and access their units. 205 10th St is a 2,744 sq. ft. building offering four unique units - two 3-bedroom, 2-bath units, one large 1-bedroom, 1-bath unit with a full kitchen and living area, and a rear efficiency unit. All units are move-in ready and fully furnished with updated appliances, furniture, and separate entrances. Each unit also has its own porch - perfect for enjoying the coastal lifestyle. The building features a shared coin-operated laundry facility, adding convenience for tenants and an additional revenue stream for owners. 10th St Lot: A rare find in Ocean City, this last remaining buildable lot is ideal for developers or investors looking to expand. Build your dream property or create additional rental units to increase your revenue potential in this sought-after downtown location. Both buildings have undergone significant renovations. 904 St Louis has a new electric service, roof, mini-split HVAC systems (inside and out), appliances, and Ashley sleeper sofas which have been professionally cleaned at the end of every season. New deck stairs and vinyl railings. 10th St has a new full front facade including three level decks, vinyl rails and steps as well as a new roof. Perfectly situated just a short walk from the beach, boardwalk, and downtown attractions, these properties are an ideal investment for vacation rentals. The sale includes a strong digital marketing presence with an established rental website, Instagram, Facebook, and even a custom Snapchat filter - everything you need to continue generating buzz and bookings from day one. Keep in mind these properties are not rented during senior week or at all during the winter months or the big weekend events in the offseason Don't miss out on this unique opportunity to own a slice of Ocean City's thriving rental market. Priced to sell and move quickly! Call the listing agent today for more information.
