5 48th Street, Unit 25Ocean City, MD 21842Price: $975,000

  • Price: $975,000
  • Est. Mortgage of $/month
  • 50 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.96% last updated on Jan 23, 2025
* 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.
  • $975,000List Price
  • 5Bedrooms
  • 4Bathrooms
  • 2,145Square Feet
  • 51 DaysOnMarket Date
BRAND NEW HVAC! UPGRADED KITCHEN! UPGRADED BATHROOMS! Incredible investment opportunity. This unique townhome is in oceanfront Ocean Colony complex - located in popular Mid-Town. Entry level has a one bedroom efficency, perfect for guests or even rent out separately, with own outside entrance. If you like balconies and decks - this is your happy place. On the living level, there is a large deck off the living room and a balcony off the main level bedroom (great for sunsets). On the next floor there are two bedrooms, each with own deck (one for sunsets, one for sunrises). On the top level, there is a bedroom and a sitting room/den, which could be used as an extra bedroom, and there is a huge balcony with awesome ocean views. Ocean Colony has a beautiful pool, and lots of green common space. This is always one of the most sought-after communities in town. There is carport parking, and also reserved parking and off street permit parking. And the rental potential is huge. Owners don't rent, but estimated GRI is $70,000-$85,000. Updated kitchen, bathrooms, LVP flooring, New HAVC (installed Dec2024) - Great investment - Great Vacation Home - Great Primary Residence - Or live upstairs/Rent Downstairs...Act fast!

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