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Maryland, Worcester County, Ocean City, USA

USD $1,850,000
Hamptons, International USA
PROPERTY TYPE

Detached

BEDROOMS

11

BATHROOMS

8

SIZE

Ask agent

Key features

  • Cooling: Window A/C
  • Fireplace Count: 1 Fireplace
  • Heating - Fuel Type: Gas
  • Sewer: Public
  • Water: City Water
  • Special Program: Global Luxury

Description

A rare investment opportunity in the heart of Ocean City! This fully renovated 8-unit building is a proven cash cow, generating a minimum of $170,000 in gross rental income annually. Renovated from top to bottom in 2022-2023, and new roof in 2024, the property offers worry-free ownership with all new showers, kitchens, flooring, and modern finishes throughout. Currently operating as a successful short-term rental business, this property gives you options: live in one unit and let the others pay the bills, or manage off-site and maximize returns. With eight income-producing units, the flexibility and earning potential are unmatched. The location is unbeatable-just steps to the Ocean City boardwalk, sandy beaches, restaurants, shopping, and entertainment. Guests return year after year for the convenience and vibrant coastal lifestyle. Whether you're looking to expand your portfolio, run a high-yield vacation rental business, or secure a unique property with both lifestyle and investment value, 1004 Philadelphia Avenue delivers.


Maryland, Worcester County, Ocean City, USA

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Advice on buying American property

Learn everything you need to know to successfully find and buy a property in USA.

About Hamptons, International USA

Hamptons has been matching people with property that’s right for them, locally, nationally and internationally, since 1869. Today, with 15 decades of finding property and looking after people under our belt, our clients now consider us to be their ‘home experts’.

A national and international family, we have an intimate local knowledge and a deep understanding of, and connection with, the communities around us. We have a network of over 90 branches, which is growing year on year.

Our international presence is no different, with a growing network of over 1,200 affiliate offices, in more than 35 countries, listing over 85,000 properties across the globe. We work with hand-picked international partners to ensure that you are always dealing with the local home experts whether in the UK or overseas.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Hamptons, International USA (reference 21023305_14824804) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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