84TH OCEAN CITY, MD 21842

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

RARE FIND! Oceanblock multi-family income producing property consisting of two 3 bedroom fully renovated apartments (918 sq. ft) and a 4 bedroom single family home (1740 sq. ft) built in 2004. Great midtown location close to all the attractions. All are fully furnished and just steps to the beach. Property is in the process of being converted to condominium ownership under the name Pelican Watch. The 2 story apartment building will be Unit A & B, and this house Unit C. Owner uses Unit A and does not rent it. In 2020 Unit B produced $25k+ GRI and Unit C produced $55k+ GRI with potential to do much more if all 3 units are rented. In addition, parcel is zoned R-3 and has the potential to add one additional unit to the property. What are you waiting for?! An opportunity like this doesn't come up very often...or ever! Local financing options are available. Tax record reflects information for entire property.