5908 Coastal Hwy #8 A, Ocean City, Md

$3,700,000

Price

7.2%

Cap Rate

2,022 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
7.2%
Building Size
2,022 sqft
Year Built
2007
Price Per Sqft
$1,829.87
Zoning
R
Description

An exceptional opportunity awaits savvy investors! Presenting a meticulously curated portfolio of five luxurious short-term rental units in the heart of Ocean City, MD. This portfolio offers both immediate revenue potential and long-term growth opportunities with a 15 year history of strong rental income and occupancy rates. Nestled in sought-after areas of Ocean City, moments away from beaches, entertainment, dining, and local attractions. These multi-level 4 bedroom/3.5 bathroom units are fully furnished and are able to accommodate large groups of up to 14 people per unit. Units come equipped with stainless steel appliances, granite countertops, a balcony in each bedroom, and enclosed garages that make them a must have for renters in the area. Some units offer breathtaking views of the ocean, providing guests with a memorable coastal experience. This turnkey portfolio is primed for continued success in the thriving short-term rental market of Ocean City. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking for a lucrative opportunity, this collection of properties promises both immediate returns and long-term appreciation potential.

Highlights
  • Days on Market: 128
  • Heating: Central
Location
Gallery