1215 Atlantic Avenue

Ocean City, MD
$ 2,500,000 Beds 15 Baths 8 Sq 6,000
Monthly Estimate* How much can I afford?

Investor Alert! Located on Ocean City, Maryland's world-famous boardwalk, this spacious oceanfront apartment building holds endless opportunities. This 6000 sq. ft. building and 7100 sq. ft. lot features five separate apartments and 8 parking spaces making it an ideal opportunity or rental investment or reconstruction. The 3-story property includes a total of 15 bedrooms, 8 bathrooms, 5 kitchens, and oversized oceanfront porches with picturesque ocean views. Each unit is unique, incorporating hardwood floors, grand fireplaces, remodeled bathrooms, and updated kitchens. There are 2 oceanfront, 4 bedroom/2 bath units with expansive great rooms and dining rooms. 1 street level 4 bedroom/2 bath walkout with a private patio. 1 2 bedroom/1 bath street level and a 1-bedroom carriage house. The property boasts a rich rental history with potential gross income of $ $289.471 per year making this an excellent investment opportunity. The second season rental income potential allows for a year-round income stream. Over $150,000 in renovation upgrades have been done in the past 7 years making it turnkey business ready the day of settlement. The 11-year-old roof offers defense against winds up to 140mps. Indulge in a piece of Ocean City's history or redevelop to suit your needs. Call to make an appointment today before you miss out on this amazing opportunity!

Single Family

  • Price
  • $ 2,500,000
  • Lot Size
  • 6,970 SqFt
  • Bedrooms
  • 15
  • Sqr Footage
  • 6,000
  • Full Bathrooms
  • 8
  • Year Built
  • 1938
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 12901
  • County
  • WORCESTER
  • Style
  • Coastal
  • Area
  • Direct Oceanfront
  • MLS#
  • MDWO116224
  • Zip
  • 21842
Listing Provided by: Berkshire Hathaway HomeServices PenFed Realty

Features

General

Accessibility None
Architectural Style Coastal
Association Y/N No
Building Name NONE AVAILABLE
Condo/Coop Association Y/N No
Construction Materials Other
Cool Fuel Electric
Cooling Central A/C
County WORCESTER
Elementary School OCEAN CITY
Exclusions 2 small mirror tables plants 2nd Floor: artwork on mantle and vases 3 bird paintings 2 wall mirrors with crystal frames 2 small glitter lamps the bedroom sets in the 2 back rooms
Exterior Features BBQ Grill, Exterior Lighting, Secure Storage
Garage Y/N No
Heating Heat Pump(s)
High School STEPHEN DECATUR
High School District WORCESTER COUNTY PUBLIC SCHOOLS
Interior Features Additional Stairway, Carpet, Dining Area, Entry Level Bedroom, Primary Bedroom - Ocean Front, Wood Floors
Junior High STEPHEN DECATUR
Legal Subdivision SINEPUXENT BEACH CO
Levels 3
Location Type Oceanfront
MLS Area Direct Oceanfront (80)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Paved Parking
Patio/Porch Features Balconies- Multiple, Patio(s), Porch(es)
Possession Settlement
Price Per Sq Ft 416.67
Property Type Residential
PropertyCondition Very Good
Real Estate Owned Y/N No
Roof Architectural Shingle
Senior Community Y/N No
Sewer Public Sewer
Structure Type Detached
Subdivision Name NONE AVAILABLE
Tax Annual Amount 12901.0
Tax Lot 14
Tax Year 2020
Vacation Rental Y/N Yes
View Ocean
Water Access Y/N Yes
Zoning R-3

Interior Features

Above Grade Finished Area 6000
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count All Lower Levels 4
Bathrooms Count All Upper Levels 2
Bathrooms Count Lower Level 1 4.00
Bathrooms Count Main Level 2.00
Bathrooms Count Upper Level 1 2.00
Bathrooms Full All Lower Levels 4
Bathrooms Full All Upper Levels 2
Bathrooms Full Lower Level 1 4
Bathrooms Full Main Level 2
Bathrooms Full Upper Level 1 2
Bedrooms Count All Lower Levels 7
Bedrooms Count All Upper Levels 4
Bedrooms Count Lower Level 1 7
Bedrooms Count Upper Level 1 4
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft 45
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Fireplace Y/N Yes
Full Baths 8
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Laundry Type Has Laundry
Living Area 6000
Main Level Bedrooms 4
Total Baths 8
Total Bedrooms 15
Total Fireplaces 2

Exterior Features

Horse Y/N No
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.16
Lot Size Source Assessor
Lot Size Square Feet 7100.00
Navigable Water Y/N Yes
Pool Y/N No Pool
Total Parking Spaces 8
Type of Parking Driveway
Water Access Features Public Beach
Water Body Type Ocean
Water Oriented Y/N Yes
Water Source Public
Water View Y/N Yes
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Fredicksburg, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Ocean City Elementary School
Middle School Stephen Decatur Middle School
High School Stephen Decatur High School

Price History

8/24/2020 Listed $2,500,000

Property vs Zip Code Average in 21842

Price
AVG $1.07M
$2.5M
Taxes
AVG $5,368
$12,901
Visits
AVG 78
99
Year Built
AVG 1979
1938
Walkscore
AVG 36
58
Data Provided by Walkscore ® not using MLS data

Map

1215 Atlantic Avenue Ocean City, MD is a Single Family Home for sale at $2500000 with 6000 sqft and a lot size of 6,970 SqFt Acre(s). 1215 Atlantic Avenue Ocean City has 15 bedrooms, 8 baths and was built in 1938. The property's zip code is 21842 which is in Ocean City, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.