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Maryland, Worcester County, Ocean City, USA

£1,387,130
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

Established in 1869, Hamptons has 80+ branches in the UK and over 1,200 international partner offices globally, marketing a wide range of properties from apartments to grand country estates.

While we are a national estate agent, our local offices provide in-depth knowledge of each area, ensuring you receive expert advice with a personal touch.

Our international presence is no different, with a growing network across more than 35 countries, 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.

As The Home Experts, we're here to guide you every step of the way. Whether you're selling or letting, our reach allows us to connect your property with the right buyers or tenants, offering expertise and a service that makes all the difference. Our specialists in compliance, property management, and market research are on hand to make the process as smooth as possible.

It's a journey - we'll get you there.

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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