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Kevin Heselbach

[email protected] +1(301) 501-2463

$ 1,650,000

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11 83RD ST Ocean City, MD 21842

3,840 SqFt

UPDATED:

02/19/2025 05:08 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,840 sqft

Price per Sqft $429

MLS Listing ID MDWO2028470

Style Coastal

Abv Grd Liv Area 3,840

Originating Board BRIGHT

Year Built 1959

Annual Tax Amount $11,378

Tax Year 2024

Lot Size 6,000 Sqft

Acres 0.14

Lot Dimensions 0.00 x 0.00

Property Sub-Type Quadruplex

Property 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.

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning R-3

Interior

Interior Features Floor Plan - Open

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Equipment Stove, Washer, Dryer, Dishwasher, Microwave

Fireplace N

Appliance Stove, Washer, Dryer, Dishwasher, Microwave

Heat Source Electric

Exterior

Exterior Feature Porch(es), Balcony

Water Access N

Accessibility None

Porch Porch(es), Balcony

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Coastal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Worcester County Public Schools

Others

Tax ID 2410090326

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=B6bG3HNdmGx&mls=1

Listed by Joseph Wilson • Coastal Life Realty Group LLC

Kevin Heselbach

Associate Broker | License ID: 603734

+1(301) 501-2463

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