Skip To Content

104 5TH Street , 2B

OCEAN CITY, MD 21842
  • $499,999
  • STATUS: Coming Soon
  • ON SITE: 5 Days
  • ID#: MDWO2021396
Coming Soon
$499,999
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 790
    SQFT
  • $633
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1963
County:

School Ratings & Info

Description

If you're looking for a personal spot at the beach, or a very successful rental property, this one is for you! This first-floor condo on 5th street is in the perfect location walk to all of the main attractions in Ocean City. This condo has been fully remodeled throughout to include Mitsubishi Mini Splits (cooling and rapid heating). Only one block to the beach and boardwalk. With an open floor plan, there is plenty of room for guests to stay. Currently, this 2-bed, 1.5 bath property sleeps 8 guests. The condo has very low HOA's ($2,000/year only $167 a month, paid semi-annually). No current assessments or plans to raise the HOA fees!! Sold furnished!! This property brought in just over $46k last year as rental. Currently, for 2024, there are $20k in rentals so far and it is on pace to be in the $40's again this year. This condo prints money!! If interested in using this property as a rental, the current property management company charges 12% of the nightly rate if the new owner has interest in continued rental success and a seamless transition. 2024 Rentals must be honored.

Monthly Payment Calculator



©2024 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 AJ Team Realty | EXP Realty. 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: 2024-06-13T23:57:08.837.
www.ajteamrealty.com/homes/151479860
Print Image

104 5TH Street , 2B OCEAN CITY, MD 21842

  • Price: $499,999
  • Status: Coming Soon
  • On Site: 5 Days
  • ID#: MDWO2021396
2
Beds
1
Baths
1
½ Baths
N/A
Acres
790
SQFT
$633
$/SQFT
1963
Built
Neighborhood:
None Available
County:
Worcester
Area:
Ocean Block (82)
School District:
Worcester County Public Schools
Property Description
If you're looking for a personal spot at the beach, or a very successful rental property, this one is for you! This first-floor condo on 5th street is in the perfect location walk to all of the main attractions in Ocean City. This condo has been fully remodeled throughout to include Mitsubishi Mini Splits (cooling and rapid heating). Only one block to the beach and boardwalk. With an open floor plan, there is plenty of room for guests to stay. Currently, this 2-bed, 1.5 bath property sleeps 8 guests. The condo has very low HOA's ($2,000/year only $167 a month, paid semi-annually). No current assessments or plans to raise the HOA fees!! Sold furnished!! This property brought in just over $46k last year as rental. Currently, for 2024, there are $20k in rentals so far and it is on pace to be in the $40's again this year. This condo prints money!! If interested in using this property as a rental, the current property management company charges 12% of the nightly rate if the new owner has interest in continued rental success and a seamless transition. 2024 Rentals must be honored.
Exterior Features

Architectural Style Unit/Flat Construction Materials BlockAluminum Siding Garage YN No Parking Types None Pool No Pool Unit Building Type Garden 1 - 4 Floors Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 790 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-Split Fireplace YN No Heating Heat Pump(s) Heating YN Yes Levels 1 Main Level Bedrooms 2 Pets Allowed No Pet Restrictions

Property Features

Acceptable Financing CashConventional Accessibility Features None Association Fee Includes Common Area MaintenanceInsurance Association Fee2 2000.00 Association Fee2 Frequency Annually Association YN No Central Air YN No Condo YN Yes Cooling Fuel Electric Entry Level 1 Federal Flood Zone AEX Federal Flood Zone YN Yes Heating Fuel Electric Hot Water Electric Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 803131766160 Ownership Interest Fee Simple Pets Allowed YN Yes Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 1893.00 Tax Lot 2B Total Actual Rent 44193.81 Vacation Rental YN Yes Water Source Public Zoning R-3

Listing courtesy of Taylor Properties: .


©2024 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 AJ Team Realty | EXP Realty. 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: 2024-06-13T23:57:08.837.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803131766160-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803131766160-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803131766160-2.jpg
Logo
AJ Team Realty | EXP Realty
2700 Neabsco Common Pl #101
Woodbridge VA, 22191