508 Edgewater Ave
Ocean City, MD 21842

Sold $940,000 Sold on 11/30/2023
  • Status Closed
  • MultiResidential
  • MLS# MDWO2015792

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Mechelle Nichols

MD 644668 DE RS-0025254

Ocean City

(410) 430-1575

More property info for 508 Edgewater Ave

Property Description
  • 508 Edgewater Avenue, Ocean City, MD. Unique Investment Property. 3 Apartments, 6 bedrooms, 4 baths. Welcome to an extremely desirable vacation rental/investment property in downtown Ocean City. This charming property has 3 apartments, a fantastic downtown Ocean City location, in a tranquil bayside neighborhood less than 100 feet from the bay. The property has a long history of short-term and long-term rental revenue. It has no HOA. Apartment #1, 1 st floor, is approximately 550 sq ft. It sleeps 4 and features 1 bedroom, 1 full bath, full kitchen, washer/dryer, and a spacious living area with picture window. Apartment #2, 1 st floor, is approximately 1, 000 sq ft. It sleeps 6 and features 2 bedrooms, 1 full bath, full kitchen, washer/dryer, and a large, covered porch. Apartment #3, 2 nd floor, is approximately 1, 700 sq ft. It sleeps additional persons due the oversized bedrooms and features 3 bedrooms, 2 full baths, full kitchen, separate washer/dryer, a very large living area, and a very large wrap-around sun deck. Step inside any of the 3 apartments and experience Ocean City charm. The spacious living areas in each apartment boast a stylish and comfortable atmosphere, feature practical seating, and beachy décor. Each fully equipped kitchen offers modern appliances and ample counter space for preparing meals. Parking is available for 4 cars. A public paid parking lot is close by. This exceptional property is a short distance to entertainment, pubs, shopping, beach, fabulous boardwalk, amusements, rides, and food. Located between 3rd and 4th streets (2 blocks away), the Ocean City Downtown Recreation Complex offers a lighted multipurpose ballfield, and a small ballfield appropriate for youth softball games, as well as a playground area. The complex also has basketball hoops and two hard tennis courts. The Ocean Bowl Skate Park is adjacent to the complex. Sold fully furnished.
Interior Details
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Ele
  • Architectural Style: Coastal
  • Fireplaces Count: 1
  • Flooring Type: Bamboo, Carpet, Ceramic Tile, Hardwood, Laminated
  • Foundation Details: Crawl Space, Block
  • Living Area SQFT: 3294
Exterior Details
  • Exterior Features: Awning(s), Outbuilding(s), Outside Shower, Secure Sto
  • Lot Features: Cleared, Corner, Rear Yard
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot SQFT: 5000.00
  • Navigable Water YN: No
  • Parking Features: Concrete Driveway
  • Road Surface Type: Black Top
  • Roof: Asbestos Shingle
  • View: Bay, Water
Community Information
  • County: WORCESTER
  • MLS Area: Bayside Interior (83)
  • Municipality: Ocean City
  • One Bedroom Units Count: 3
  • Single Room Units Count: 6
  • Zoning: R-2
School Details
  • High School: STEPHEN DECATUR
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
Property Information From MLS Data
  • Accessibility Features: 2+ Access Exits
  • New Construction YN: No
  • Property Sub Type: Triplex
  • Room Count: 14
  • Year Built: 1960
Utilities
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units
  • Electric Service: 200+ Amp Service
  • Heating Type: Forced Air, Other
  • Hot Water: Multi-tank, Electric
  • Sewer Septic: Public Sewer
  • Utilities: Electric Available, Natural Gas Available, Phone Ava
  • Water Source: Public
Listing Office
  • Buyer Agent Full Name: Mechelle Nichols
  • Buyer Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • List Agent Full Name: Mechelle Nichols
  • List Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • List Office Phone: 4105247000

508 Edgewater Ave Map Location

508 Edgewater Ave, Ocean City, MD 21842
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty

Information obtained from Bright MLS is current as of 4/28/2024 4:10 PM.

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