112 / 114-A 75TH Street
Property Description
Huge Price Drop This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD presents a rare opportunity to own a unique compound overlooking Assawoman Bay. Situated on two parcels, Tax ID # and Tax ID #, the property includes three separate buildings offering exceptional water views from each structure and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three buildings, raised foundations, extensive interior renovations, and the addition of a storage unit, making this a turnkey opportunity with reduced future capital needs. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases excellent bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat and presents a clear value-add opportunity for future redevelopment on the existing raised foundation. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been nicely updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, excellent water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces, allowing guests to park once and walk to nearby midtown shops, restaurants, and the beach. Located just blocks from the ocean with direct bay access only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks, stunning bay sunsets, and a flexible multi-building layout, this is a rare midtown Ocean City waterfront compound offering immediate income and long-term upside. Professional photos to follow.
Broker Details
Berkshire Hathaway HomeServices Penfed Realty (866) 225-5778
MLS ID: 3256010 State License Number: 637504
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,409,900 |
| No. of Units: | 3 |
| Year Built: | 1985 |
| Lot Size: | 4,048.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $469,967 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-MDWO2035604
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