Sold

205 5th Street Unit 45, Ocean City, MD 21842

Beds
3
Baths
2
Sqft
895

View property features, location on map, relevant school information and overview from seller's agent.

Listed byLong & Foster Real Estate, Inc.
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Overview

A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021.

Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs.

Additional storage for the building under the deck stairwell and along the side of the unit.

In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of bedrooms
3
Number of bathrooms
2
Square feet
895
Year built
1940

Utilities

Heating
Electric, Baseboard
Cooling
Ductless, Electric
Sewer
Public sewer
Water
Public

Estimated monthly costs

HOA Fees
$456

Taxes

Tax Annual Amount (2024)
$202.08

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDWO2026644 Last checked:

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