11 83rd Street

OCEAN CITY, MD 21842

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,840 Sqft
  • 6000
    Sqft(Lot)
$1,650,000

Description

Welcome to this truly exceptional and rare 12-bedroom multi-family residential listing located just steps from the beach in the highly sought-after midtown ocean city! the 83rd st ocean block offers an optimal beach experience with minimal density in the surrounding area. the entire property consists of 2 buildings and comprised of 4 units: two 3-bedroom/2 bathroom units, one 2-bedroom/2 bathroom unit, and one 4-bedroom/3.5 bathroom unit. the back building is where you’ll find the two 3-bedroom, 2 bath units boasting with ocean views from each units balconies, the living rooms and great parking. the front building left side unit is a ground level 2-bed 2 bath upgraded apartment with a tenant already paying $1795 a month and is responsible for the electricity bill along with cable/internet. as of 1 april, there is a month-to-month lease in place, requiring 30 days notice for cancellation from either party. interested buyers could be told that the tenant welcomes a longer term lease. the right unit is a 4 bedroom 3.5 bath house waiting for its next owners finishing touches. many upgrades made to this entire building within the last 3 years including a complete exterior overhaul. the house features beautiful ocean views from all balconies, living room, two primary bedrooms and a light filled flex room on the top floor where you’ll find a rough in for the half bath and access to the spectacular ocean view wrap around roof top deck. electrical and plumbing are in place. owner had electrical put in to support an elevator. lots of construction material onsite including stair treads, doors, etc. bathrooms are near completion with marble finishes and a freestanding tub in the primary. the kitchen comes right off the sunny ocean view living room with ample cabinets installed and a space for dining. come see this property for yourself and all the potential is has to offer. live in one and rent the rest or rent all four all summer and make an estimated 160-190k in rental income. situated near local restaurants, shops, and mini golf, providing a fantastic lifestyle for tenants and guests.

  • Property Type

    Multi-Family

  • County

    WORCESTER

  • Style

    Coastal

  • AD ID

    48585533

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Porch(es),Balcony

    Interior Features

    • Floor Plan - Open
    • Property Appliances: Stove,Washer,Dryer,Dishwasher,Microwave

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Heat Pump(s)
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1959
    • Structure: Other
    • Major Appliances: Stove,Washer,Dryer,Dishwasher,Microwave
    • New Construction: No
    • Total Units: 4
    • Built: 1959
    • Construction Material: Other
    • Architecture: Coastal
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 6,000
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.14
    • Architectural Style: Coastal
    • Main Square Feet: 6,000

    Property Information

    • SQ ft: 3,840
    • SQ ft (Living Area): 3,840
    • Total Lot SQ ft: 6,000
    • Financing: Cash,Conventional,Other
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.14
    • New Construction: No
    • Type: Coastal

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 7

  • Tax Information

    • Annual Tax: $11,378
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $812,967

  • Virtual Tour

    Parking Information

    • Parking Type: Driveway,Parking Lot

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,Other

    Homeowners Association Information

    • Direction: North on Coastal Hwy. Right Onto 83rd.

  • School Information

    • School District: WORCESTER COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: North on Coastal Hwy. Right Onto 83rd.
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BuyOwner last updated this listing 02/22/2025 @ 02:29

  • MLS: MDWO2028470
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 3,840 sqft, 6,000 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of OCEAN CITY , in zip code 21842, this WORCESTER County Other are nearby neighborhoods.