103 TALBOT ST STREET, OCEAN CITY
- MLS #: MDWO2015384
- Address: 103 TALBOT ST STREET, OCEAN CITY, MD 21842
- Date Listed: 7/26/2023
- Days on Market: 126
- SQFT: 4312
- Acres: 0.110
- Stipulations: Standard
- Subdivision: OCEAN CITY
- Zoning: DMX
- Listing Agency: Berkshire Hathaway HomeServices PenFed Realty - OP
The centerpiece of this remarkable property is the massive single family, 4 bed, 4 bath home, complete with two kitchen islands and new high-efficiency stainless steel appliances. Cooking at the beach is a breeze for the family chefs, who can still be included in all the family activities thanks to the open concept living space. The kitchen features a four-burner gas stove with a griddle, a double door refrigerator with an ice maker, and a dishwasher.
The main home boasts large bedrooms and spacious interior and exterior entertaining areas. The open floor plan seamlessly connects the media area, sitting area, and kitchen area, ensuring ample space for relaxation and enjoyment. Private parking (5 spots in the private driveway - one for each dwelling) adds to the convenience and accessibility of this exceptional property.
Additionally, The White Marlin House includes a separate building at the rear, offering four individual two-bedroom, one-bath rental apartments. Each unit is thoughtfully designed with a small kitchenette, living area, two bedrooms, and a full bath. These well-appointed suites, rebuilt from the ground up in Summer 2019, can accommodate up to six guests each. Tankless Rinnai water heaters ensure uninterrupted hot showers after a long day on the beach.
Location is key, and The White Marlin House & Suites are ideally situated just steps away from the beach and Ocean City's world-famous boardwalk. Whether guests are seeking relaxation by the shore or excitement in the vibrant downtown area, this property offers the best of both worlds.
Investors will appreciate the impressive annual gross income of over $230,000, making The White Marlin House & Suites a lucrative opportunity. With its combination of a spacious and beautifully renovated main home and additional rental apartments, this property presents an excellent chance to maximize returns. The main home typically rents for $1,600-$1,800 per night year round. And each apartment averages $350/night, year round.
Live in one of the units (or the main home) and rent the rest, rent the entire complex or each unit individually. The choice is yours.
Being offered turnkey, this property is being sold fully furnished (interior and exterior) with everything you need for success - including the website, 50+ sets of linens, bath towels, kitchen wares, electronics and more. Must honor rentals for 2023.
Don't miss out on this incredible investment opportunity. Contact me today to learn more and arrange your private viewing of The White Marlin House & Suites.
- Cool System: Central A/C
- Heat System: Energy Star Heating System
- Parking: 5
- Roof: Architectural Shingle
- New Construction: N
- County: WORCESTER
- Property Type: Apartment Building
- Waterfront Features: Tankless, Natural Gas
- Water View: N
- Water/Sewer: Public Sewer
- Year Built: 1940