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205 5TH Street , #45

OCEAN CITY, MD 21842
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 12 Days
  • ID#: MDWO2013844
Under Contract
UPDATED: 37 min ago
$450,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 895
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1940
County:

School Ratings & Info

Description

A Beach House Investment that pays for itself... $61,116 of rental income in 2022, use that to pay the mortgage and put money in your pocket or vacation for free for a few weeks and let your investment pay for itself the rest of the year. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the spacious deck or hang inside where the mini split installed in 2021 will keep the inside nice an cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides cable and internet. Electrical Panels were upgraded in 2021.Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new dishwasher (2021), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.Additional storage for the building under the deck stairwell and along the side of the unit.The unit below is for sale by the same owner, you can buy both and own the entire building!

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©2023 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Fritschle Barker Group | Keller Williams Delmarva. 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. Data last updated: 2023-05-28T07:50:27.947.
www.buysellocmd.com/homes/139571185
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205 5TH Street , #45 OCEAN CITY, MD 21842

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 12 Days
  • Updated: 37 min ago
  • ID#: MDWO2013844
3
Beds
2
Baths
0
½ Baths
N/A
Acres
895
SQFT
$503
$/SQFT
1940
Built
Neighborhood:
Hitchens & Trimper
County:
Worcester
Area:
Bayside Interior (83)
School District:
Worcester County Public Schools
Property Description
A Beach House Investment that pays for itself... $61,116 of rental income in 2022, use that to pay the mortgage and put money in your pocket or vacation for free for a few weeks and let your investment pay for itself the rest of the year. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the spacious deck or hang inside where the mini split installed in 2021 will keep the inside nice an cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides cable and internet. Electrical Panels were upgraded in 2021.Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new dishwasher (2021), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.Additional storage for the building under the deck stairwell and along the side of the unit.The unit below is for sale by the same owner, you can buy both and own the entire building!
Exterior Features

Architectural Style Bungalow Construction Materials Vinyl Siding Direction Faces North Garage YN No Location Type Bayblock Parking Features Parking Space Conveys Parking Types Off Street Patio And Porch Features Deck(S) Pool Yes - Community Property Condition Good Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 895 Appliances MicrowaveOven/Range - ElectricRefrigeratorDishwasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-Split Fireplace YN No Flooring Luxury Vinyl Plank Furnished Yes Heating Baseboard - Electric Heating YN Yes Inclusions All Furnishings Laundry Type Shared Levels 2 Main Level Bedrooms 3 Pets Allowed Cats OkDogs Ok Rooms Total 7 Spa YN No Walls Ceilings Dry Wall

Property Features

Acceptable Financing ConventionalCash Accessibility Features 2+ Access Exits Assessment Year 2020 Association Amenities Pool - Outdoor Association Fee Includes Cable TvCommon Area MaintenanceHigh Speed InternetLaundryInsuranceLawn Care FrontLawn Care RearLawn Care SideLawn MaintenancePool(S)Reserve FundsTrash Association Fee2 1357.00 Association Fee2 Frequency Quarterly Association YN No Central Air YN No Condo YN Yes Cooling Fuel Electric Entry Level 2 Federal Flood Zone Ae Federal Flood Zone YN Yes Foundation Details Block Heating Fuel Electric Historic YN No Horse YN No Hot Water Electric Internet Services Cable Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 802324429928 Ownership Interest Condominium Pets Allowed YN Yes Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2333.00 Tax Assessment Amount 165500.00 Tax Lot 45 Total Actual Rent 60116.00 Utilities Cable Tv AvailableElectric AvailablePhone Available Vacation Rental YN Yes Water Source Public Zoning Residential

Listing courtesy of Long & Foster Real Estate, Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Fritschle Barker Group | Keller Williams Delmarva. 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. Data last updated: 2023-05-28T07:50:27.947.
 
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Fritschle Barker Group | Keller Williams Delmarva
6200 Coastal Highway Suite 101
Ocean City MD, 21842