Residential - Active

204 12TH ST, OCEAN CITY

$2,150,000.00

Bedroom 20 bedrooms
Bathroom 10 baths

  • MLS #: MDWO2015176
  • Address: 204 12TH ST, OCEAN CITY, MD 21842
  • Date Listed: 7/15/2023
  • Days on Market: 227
  • SQFT: 3840
  • Acres: 0.120
  • Stipulations: Standard
  • Subdivision: NON DEVELOPMENT
  • Zoning: R-2
  • Listing Agency: Coldwell Banker Realty

Location Location

Agent Comments Agent Comments
Investors, it's finally here, a portfolio of properties with an 8% cap rate which is hard to come by anymore. 10 units consisting of all 2 bedroom 1 bath apartments that have had vast improvements in the last few years. 4 units located at 2701 JUDLEE AVE have had all units separately metered electric and newly separated gas and water lines with new tankless water heaters, split system HVACs and stackable laundry station added in 2019. 3 of the 4 units were rehabbed in 2020 with life proof flooring and capped off by the exterior just painted in May of 2023. 204 12th St consists of 4 2 bedroom 1 baths with central air and hardwood floors, and a fresh exterior paint job in 2023 as well. 1207 Dayton Lane is an OC gem with Knotty Pine interiors and a new roof, and semi enclosed decks.

Interior Features Interior Features
  • Cool System: Central A/C, Window Unit(s), Ductless/Mini-Split
  • Heat System: Central, 90% Forced Air, Baseboard - Electric
  • Floors: 2

Exterior Features Exterior Features
  • Parking: On Street, Driveway
  • Siding: Frame
  • Roof: Architectural Shingle
  • Pool: No Pool

Additional Features Additional Features
  • New Construction: N
  • County: WORCESTER
  • Water View: N
  • Water/Sewer: Public Sewer
  • Year Built: 1960