Do Real Estate on the Go!
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Do Real Estate on the Go!
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$1,850,000
11 Beds
8 Baths8 full baths
4,002sqft
1004 Philadelphia Ave, Ocean City, MD 21842
$1,850,000
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Single Family Residence
Built in 1950
$-- HOA
5,425 sqft lot
$462/sq.ft
Description
A rare investment opportunity in the heart of Ocean City! This fully renovated 8-unit building is a proven cash cow, generating a minimum of $170,000 in gross rental income annually. Renovated from top to bottom in 2022–2023, and new roof in 2024, the property offers worry-free ownership with all new showers, kitchens, flooring, and modern finishes throughout.
Currently operating as a successful short-term rental business, this property gives you options: live in one unit and let the others pay the bills, or manage off-site and maximize returns. With eight income-producing units, the flexibility and earning potential are unmatched.
The location is unbeatable—just steps ...
- Houzeo last checked: 30 Minutes ago
- Listing updated: September 18, 2025 at 7:35 pm
- Listing Provided by: Shawn Kotwica (724) 840-0572 | Coldwell Banker Realty (443) 856-2211
- Source: Bright MLS-NJ | MLS#: MDWO2033400
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
3
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
4,002 sqft
Lot Size
5,425 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
MDWO2033400
MLS Status
ACTIVE-BRIGHT
Days on Market
80
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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