12304 Coastal Highway

    OCEAN CITY, MD 21842
    • $949,000
    • STATUS: Active
    • ON SITE: 351 days
    • ID#: 1002121906
    UPDATED: 39 min ago
    $949,000
    • 8
      BEDS
    • 0.23
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,912
      SQFT
    • $326
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Seller has started 4 unit building Renovations that will transform the 4 unit building into a building like New Construction. Vacate lot and land around building are planned for landscaping turning the property into a coastal retreat and excellent rental investment! Inquiry for list of renovations to the building and each unit. Follow listing for updates to renovations. Facebook videos of progress of renovations are being records and published frequently. RARE OCEANBLOCK OPPORTUNITY on 123rd St North OCMD w/ 4-Unit Building each w/ 2 Bedrooms, 2 Bathrooms. (2x) 5,000 Sqft Lots. Combined 100'x100' lot. NO CONDO FEES.*REDEVELOPMENT OPTIONS: OPTION 1: Keep existing 4 Unit Building w/ (4x) 2 Bedroom/1 Bathroom Units, Total of 2,900+ Sqft, and Build (3x) Additional Units or (3x) Townhouses on Vacate 5,000 Sqft lot. OPTION 2: Remove Existing Building and Build (6x) Units w/ possible (6x) 3 Bedrooms; or (6x) Townhouses. Buy two TDR~s (sold separately) and 7th Unit or 7th Townhouse possible. OPTION 3: Remove existing building and build up to (20x) Hotel/Motel Rooms Property Sold at $38,750 Per Hotel/Motel Room. OPTION 4: Office Space w/ Mix Use for Condo, Townhouse, or Hotel/Motel Options.Taxes at $994.70 per month. MD ASSESSED TAXABLE PROPERTY VALUE AT $957,000. Pre-Engineer Inspected and Report available! *Buyer to verify redevelopment opportunities with OC Planning and Zoning. 3D Rendered Floor Plan is for visual purposes only. Also listed as Residential Listing MLS#1002121906

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    ©2019 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. 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: 2019-07-16T14:56:01.05.
    www.enggarciagrant.com/homes/86069340

    12304 Coastal Highway OCEAN CITY, MD 21842

    • Price: $949,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 1002121906
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,912
    SQFT
    $326
    $/SQFT
    1960
    Built
    Neighborhood:
    None Available
    County:
    Worcester
    Area:
    Ocean Block (82)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    Seller has started 4 unit building Renovations that will transform the 4 unit building into a building like New Construction. Vacate lot and land around building are planned for landscaping turning the property into a coastal retreat and excellent rental investment! Inquiry for list of renovations to the building and each unit. Follow listing for updates to renovations. Facebook videos of progress of renovations are being records and published frequently. RARE OCEANBLOCK OPPORTUNITY on 123rd St North OCMD w/ 4-Unit Building each w/ 2 Bedrooms, 2 Bathrooms. (2x) 5,000 Sqft Lots. Combined 100'x100' lot. NO CONDO FEES.*REDEVELOPMENT OPTIONS: OPTION 1: Keep existing 4 Unit Building w/ (4x) 2 Bedroom/1 Bathroom Units, Total of 2,900+ Sqft, and Build (3x) Additional Units or (3x) Townhouses on Vacate 5,000 Sqft lot. OPTION 2: Remove Existing Building and Build (6x) Units w/ possible (6x) 3 Bedrooms; or (6x) Townhouses. Buy two TDR~s (sold separately) and 7th Unit or 7th Townhouse possible. OPTION 3: Remove existing building and build up to (20x) Hotel/Motel Rooms Property Sold at $38,750 Per Hotel/Motel Room. OPTION 4: Office Space w/ Mix Use for Condo, Townhouse, or Hotel/Motel Options.Taxes at $994.70 per month. MD ASSESSED TAXABLE PROPERTY VALUE AT $957,000. Pre-Engineer Inspected and Report available! *Buyer to verify redevelopment opportunities with OC Planning and Zoning. 3D Rendered Floor Plan is for visual purposes only. Also listed as Residential Listing MLS#1002121906
    Exterior Features

    Architectural Style Coastal Construction Materials Aluminum SidingFrameStick Built Garage YN No Location Type Middle Of Block Other Structures Above GradeBelow Grade Parking Types Parking Lot Pool No Pool Riparian Rights YN No View CityOcean Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2912 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2912.00 Cooling None Fireplace YN No Fireplaces Total 0 Furnished No Heating None Laundry Type None Levels 2 Main Level Bedrooms 4 Spa YN No Unit Floors 1 Upper Level1 Bedrooms 4

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features Other Assessment Year 2017 Association YN No Building Name None Available Central Air YN No Condo YN No Cooling Fuel None Electric Other Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 300481405258 Ownership Interest Fee Simple Possession 0-30 Days Cd Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 11936.47 Tax Assessment Amount 971200.0 Tax Lot 5966A Vacation Rental YN No Water Source Public Zoning R-3A Zoning Description R-3

    Listing courtesy of Coldwell Banker Residential-120.
    ©2019 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. 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: 2019-07-16T14:56:01.05.
     
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    Washington DC, 20009