10 87th St, Ocean City MD 21842

  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St
  • 10 87th St

Description

Five unit apartment building located on the oceanblock a short distance to the beach. All units are 1 bedroom / 1 full bath. Two apartments located on the first floor and two located on the second floor are 504 square feet each. The third floor apartment is 756 square feet. Three of the units have been renovated. There are year round tenants in four units with consistent rental income. Property is zoned R-3. ''Determination of Non-Conformity'' is in progress with the Town of Ocean City to determine that the existing building could be rebuilt with the same amount of units. Architectural renderings designed by the Seller in the listing photos show potential rebuild option.

Contract Information

List Price - $749,900

Location, Legal, Taxes & Expenses

MLS No. - 517150
MLS Area - Worcester East of 113
County - 24 - Worcester
Subdivision - N/A
Building Name - Coral Mist
Cross Street - 87
Annual City Tax - $3,446
Annual Water Fee - $60
Annual Sewer Fee - $192
Zoning Code - R-3
Zoning Description - R3
Annual Cnty Tax - $5,396

General Property Description

Living Area - 2,772
Lot SqFt - 5,220
Lot Acres - 0.12
Year Built - 1960
Dwelling Floors - 3
Attic - None
Foreclosure/REO - No
Short Sale - No

Property Features

Exterior Type - Vinyl Siding
Roofing - Asphalt Shingle
Foundation - Concrete Block
Basement - None
Dock Type - None
Water/Sewer - Public Central Sewer,Public Central Water
Interior Feature - Chair Railing,Skylight(s)
Primary Heat Type - Baseboard - Electric
Disclosure/Restrictions - Deed or Covenant,Other L B Paint <79
Lot Description - Cleared

Map