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12 61St St #7, Ocean City, MD 21842

$2,500,000

  • For Sale
  • Active
  • Commercial
12 61St St #7, Ocean City, MD 21842 View this property at 12 61St St #7, Ocean City, MD 21842
12 61St St #7 Ocean City MD 21842

Property Description

10 Condos ocean block * Units 1-6 are 3 Bedrooms 1.5 Baths(756 sq ft) each with an Open Deck * Views of Ocean * Units 7-10 are 3 Bedrooms 2 Bath (1156 sq ft) each with a Private Deck * Walk to Beach * 10 Car parking under building * Outside Shower * All Condos have Central A/C and Heat * Updated Kitchens and Baths * Condo Docs on record * Great Midtown Location * This is a spectacular opportunity... Currently all 10 are rented yearly... Options: keep 1 for yourself, sell the others individually... Maximize your rental potential Rent Weekly...Graduating Seniors $2600/week 4 weeks = $104,000 just for June Numerous possibilities!

Full Property Details for 12 61St St #7

  • Price: $2,500,000
  • Status: Active
  • Type: Commercial
  • MLS ID: 486243
  • Updated: 10/31/2015
  • Added: 1, 534 day(s) ago

Property History

  • 12 61St St #7, Ocean City, MD
  • Listed at $2,500,000 on 9/10/13

Interior

  • Interior Features: 1st Floor Bed & Bath
  • Flooring: Carpet, Tile

Additional Information

  • Pool Description: None

Location

  • Area: Worcester East of 113
  • County: Worcester
  • Subdivision: N/A
  • Building Name: Starship
  • Driving Directions: From Rte 50 East, Exit Rte 90 East, R on Coastal Highway make u-turn then R on 61st Street. Starship Condos on Left

Heating & Cooling

  • Cooling Type: Cen Air-Whole Build
  • Heating Type: Electric Forced Air
  • Heating Fuel: Electricity

Utilities

  • Water/Sewer: Public Central Sewer, Public Central Water

Structural Information

  • Architectural Style: Condo
  • Description/Design: 10 Condos
  • Exterior Const.: Vinyl Siding, Wood
  • Basement Desc.: None
  • Foundation: Concrete Block, Pilings
  • Square Feet: 9,160
  • Year Built: 1986

Unit Information

Unit 1

  • Additional Details: Dishwasher, Kitchen, Living Room, Refrigerator, Stove

Lot Features

  • Lot Size (Acres): 0.14
  • Public Street: Yes
  • Zoning: Multi-Family, R3
  • Lot Description: Cleared

Water Features

  • Water View: Yes
  • Water Front View: Ocean
  • Dock Description: None

Financial Considerations

  • Assoc Fee Freq.: 118800
  • County Tax: $19,430
  • Owner Pays: Insurance, Lawn, Snow, Trash
  • Tenant Pays: Cable, Electric, Sewer, Trash, Water
  • Tenant Expense: Other Maintenance, Utilities

Disclosures and Reports

  • Condo: Yes
  • Documents Avail.: Copy of Lease(s), Seller Disclosure
  • Legal Description: UNIT 7 NORTH BLDG N SIDE 61ST ST STARSHIP CM
  • Inclusions: Shades/Blinds
  • Fed Flood Ins Avail.: Yes
  • Disclosures/Rstr.: Existing Leases/Rentals
  • APN: 8129
  • Lot: 7

Listed by Sea Grace at N Beach Realtors, Grace P Masten

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12 61St St #7 will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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12 61St St #7, Ocean City, MD 21842 (MLS# 486243) is a Commercial property. 12 61St St #7 is currently listed for $2,500,000 and was received on September 09, 2013. Want to learn more about 12 61St St #7? Do you have questions about finding other Commercial real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

Listed by Sea Grace at N Beach Realtors, Grace P Masten