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5908 Coastal Highway

Ocean City, MD 21842

– beds
– baths
2,022 sqft
$1,829 per sqft
2007 build

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.

Listing courtesy of BRIGHT / Redfin Corp

Last checked: Checking… • Last updated Apr 11, 2024 •

MLS# MDWO2017716 —

The Building

Year Built:

2007
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Vinyl Siding
Structure Type:

Interior Row/Townhouse
Architectural Style:

Colonial
Building Units Total:

1
Accessibility Features:

None
Foundation Details:

Other
Basement:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2022

Interior

Interior Features:

Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Kitchen - Eat-In, Kitchen - Island
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2022
Living Area SqFt:

2,022 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Negotiable, Settlement

Location

Directions:

Please use GPS for directions
Latitude:

38.38319000
Longitude:

-75.06663000

The Property

Property Type:

Multi-Family
Property Sub Type:

Other
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Source:

Estimated
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

0 Sqft
Zoning:

R
View:

Ocean
In City Limits:

Yes
Outdoor Living Structures:

Deck(s)
Other Structures:

Above Grade, Below Grade
Water View:

Yes
Waterfront:

No
Water Oriented:

Yes
Water Access:

Yes
Water Body Type:

Ocean
Navigable Water:

Yes
Tidal Water:

No
Land Use Code:

U

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410760089
Tax Year:

2023
Tax Lot:

8A
Tax Annual Amount:

$6,982
Tax Assessed Value:

$495,300
Year Assessed:

2023
County Tax:

4185.00
City/Town Tax:

2241.00
Total Taxes Pymnt Freq:

Annually

The Listing

Virtual Tour
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Appliances

Appliances:

Dishwasher, Stove, Microwave, Dryer, Washer

Schools

School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool
Association Recreation Fee:

No

Parking

Total Garage and Parking Spaces:

15
Garage:

Yes
Garage Features:

Other
Garage Spaces:

12.00
Type of Parking:

Attached Garage, Driveway
# of Attached Garage Spaces:

12
Driveway - # of Spaces:

3

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/11/24 Apr 11, 2024	Price Changed	BRIGHT	$3,700,000	-2.6%
12/31/23 Dec 31, 2023	Listed / Active	BRIGHT	$3,800,000

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This multifamily located in Ocean City, MD 21842 is currently for sale for $3,700,000. 5908 Coastal Highway is a 2,022 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Ocean City Elementary School, Stephen Decatur High School, Stephen Decatur Middle School, and Berlin Intermediate School.

Listing Courtesy of: BRIGHT and Redfin Corp.

The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.