205 5th Street, Unit 45Ocean City, MD 21842Price: $450,000

  • Price: $450,000
  • Est. Mortgage of $/month
  • 22 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $450,000List Price
  • 3Bedrooms
  • 2Bathrooms
  • 895Square Feet
A Beach House Investment that pays for itself... $61,116 of rental income in 2022, use that to pay the mortgage and put money in your pocket or vacation for free for a few weeks and let your investment pay for itself the rest of the year. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the spacious deck or hang inside where the mini split installed in 2021 will keep the inside nice an 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 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 cable and 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 dishwasher (2021), 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. The unit below is for sale by the same owner, you can buy both and own the entire building!

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