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    12905 Swordfish Drive

    OCEAN CITY, MD 21842
    • $699,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: MDWO117566
    UPDATED: 30 min ago
    $699,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,136
      SQFT
    • $223
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    5 units at Harbor Apartments on 2 lots is an investors dream as this property provides a positive cash flow property from day one of purchase. With $60,000 in GRI you can sit back and relax as the units have been updated in 2018 including new flooring, water heaters, split system Hvac's , steps and decking etc. With a low carrying cost and no city taxes, this is a good move for the novel investor or the seasoned professional.. Currently rented month to month, but could be rented nightly or weekly to capitalize on the close by Fishing Marina Season because of the great West OC harbor location.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or CoastLine Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-30T22:51:19.403.
    www.coastline-realty.com/homes/110909559
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    12905 Swordfish Drive OCEAN CITY, MD 21842

    • Price: $699,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: MDWO117566
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,136
    SQFT
    $223
    $/SQFT
    1971
    Built
    Neighborhood:
    West Ocean City (85)
    County:
    Worcester
    Area:
    West Ocean City (85)
    School District:
    Worcester County Public Schools
    Property Description
    5 units at Harbor Apartments on 2 lots is an investors dream as this property provides a positive cash flow property from day one of purchase. With $60,000 in GRI you can sit back and relax as the units have been updated in 2018 including new flooring, water heaters, split system Hvac's , steps and decking etc. With a low carrying cost and no city taxes, this is a good move for the novel investor or the seasoned professional.. Currently rented month to month, but could be rented nightly or weekly to capitalize on the close by Fishing Marina Season because of the great West OC harbor location.
    Exterior Features

    Architectural Style Art Deco Construction Materials FrameVinyl Siding Exterior Features Bbq Grill Garage YN No Lot Features Additional Lot(S)ClearedSideyard(S) Other Structures Above GradeBelow Grade Parking Types DrivewayOff Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3136 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-Split Fireplaces Total 0 Heating 90% Forced AirBaseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2020 Association YN No Building Name None Available Central Air YN No Cooling Fuel Electric Existing Lease Type NetMonth To Month Green Energy Efficient AppliancesHvac Gross Income 60000.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Ocean City Navigable Water YN N Net Operating Income 51385.00 New Construction YN No Number Of Units Leased 5 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes InsuranceTrash Original MLSNumber 304347378598 Owner Pays InsuranceWaterTrash Collection Ownership Interest Fee Simple Possession 0-30 Days CdImmediate Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 4084.00 Tax Assessment Amount 426700.00 Tax Lot 11 Total Actual Rent 60000.00 Utilities Cable Tv Vacation Rental YN No Water Source Public Zoning R-4

    Listing courtesy of Coldwell Banker Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or CoastLine Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-30T22:51:19.403.
     
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