5908 Coastal Highway

Ocean City, MD 21842

$3,700,000
Price
20
Beds
15
Baths
2,022 Sq. Ft.
$1,830 / Sq. Ft.
2,022
Sq. Ft.
$1,830
per Sq. Ft.

Description

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...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.
  1. Listed by Berna Kimber • Redfin Corp
    P: 3012542205 berna.kimber@redfin.com
  2. Listed by Kimberly M Dixson • Redfin Corp
    P: 4433731328 kim.dixson@redfin.com

Property Details for 5908 Coastal Highway

Tax ID Number
2410760089
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Colonial
Waterfront
No
Views
Ocean
Garage
Yes
Expected On Market Date
01-01-2024

Location

Listing Courtesy of Redfin Corp
Add your commute
LISTING UPDATED: 04/11/2024 11:19 AM

Property Details for 5908 Coastal Highway

StatusActive
MLS #MDWO2017716
Days on Market154
Taxes$6,982 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2007
Lot Size0.00 AC / 0 SF
CountyWorcester County

Location

Listing Courtesy of Redfin Corp
Add your commute

Virtual Tour

Building Information for 5908 Coastal Highway

Stories-Residences1Year Built2007Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$20,774 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,192

Property Taxes

$582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5908 Coastal Highway

Location
Location
  • In City Limits: Yes
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138066543
  • SchoolDistrictSource: Listing Agent
  • County: WORCESTER
  • MLS Area: Ocean Block (82)
  • OC Cross Street: 60
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: Yes
  • Water Oriented: Yes
  • Navigable Water: Yes
  • Tidal Water: No
  • Water Body Type: Ocean
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $495,300
  • Year Assessed: 2023
  • County Tax: $4,185
  • City Town Tax: $2,241
  • Clean Green Assessed: No
  • Land Use Code: U
  • Zoning: R
  • Tax Lot: 8A
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: None
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Units Leased Count: 5
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 3
  • Total Rooms: 4
Unit 2
  • Type: Unit 2
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 3
  • Total Rooms: 4
Unit 3
  • Type: Unit 3
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 3
  • Total Rooms: 4
Unit 4
  • Type: Unit 4
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 3
  • Total Rooms: 4
Unit 5
  • Type: Unit 5
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 3
  • Total Rooms: 4
Financial Information
Expenses
  • Insurance Expense: $12,929
Financial Information
  • Gross Income: $301,802
  • Annual Rental Income: $301,802
  • Existing Lease Type: Weekly
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 2,022.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 5436664
Parking
Parking
  • Type Of Parking: Attached Garage, Driveway
  • Num of Attached Garage Spaces: 12
  • Driveway - # of Spaces: 3
  • Total Garage Spaces: 12
  • Garage Features: Other
Interior Features
Interior Features
  • Interior Features: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Kitchen - Eat-In, Kitchen - Island
  • Fireplace: No
Exterior Features
Exterior Features
  • Outdoor Living Structures: Deck(s)
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Anne Arundel County Association of REALTORS

Property History for 5908 Coastal Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5908 Coastal Highway

This home is within Worcester County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Ocean City Elementary School
PublicPK to 4

Berlin Intermediate School
Public5 to 6

Stephen Decatur Middle School
Public7 to 8

Stephen Decatur High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5908 Coastal Highway is a multi-family home for sale in Ocean City, MD 21842. This property was listed for sale on January 1, 2024 by Redfin Corp, it's currently listed at $3,700,000. This listing's school district is Worcester County Public Schools. Nearby schools include Ocean City Elementary School, Berlin Intermediate School and Stephen Decatur Middle School. 5908 Coastal Highway is a 20-bed, 15-bath, 2,022 sqft multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Redfin Corp

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/11/2024 11:19 AM