103 TALBOT STREET
OCEAN CITY , MD 21842
MLS#: MDWO2015384
$2,399,900
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
N/A
Calling all investors! Introducing The White Marlin House & Suites, an exceptional real estate opportunity in downtown, old Ocean City, Md. This stunning and spacious 4 bed/4 bath single-family home PLUS four, 2 bed/1 bath apartments in the rear building grosses over $220,000 annually. With its recent renovations, this charming beach property combines all the modern amenities and luxury you've come to expect with that old town Ocean City nostalgia we all know and love. The centerpiece of this remarkable property is the massive single family, 4 bed, 4 bath home, complete with two kitchen islands and new high-efficiency stainless steel appliances. Cooking at the beach is a breeze for the family chefs, who can still be included in all the family activities thanks to the open concept living space. The kitchen features a four-burner gas stove with a griddle, a double door refrigerator with an ice maker, and a dishwasher. The main home boasts large bedrooms and spacious interior and exterior entertaining areas. The open floor plan seamlessly connects the media area, sitting area, and kitchen area, ensuring ample space for relaxation and enjoyment. Private parking (5 spots in the private driveway - one for each dwelling) adds to the convenience and accessibility of this exceptional property. Additionally, The White Marlin House includes a separate building at the rear, offering four individual two-bedroom, one-bath rental apartments. Each unit is thoughtfully designed with a small kitchenette, living area, two bedrooms, and a full bath. These well-appointed suites, rebuilt from the ground up in Summer 2019, can accommodate up to six guests each. Tankless Rinnai water heaters ensure uninterrupted hot showers after a long day on the beach. Location is key, and The White Marlin House & Suites are ideally situated just steps away from the beach and Ocean City's world-famous boardwalk. Whether guests are seeking relaxation by the shore or excitement in the vibrant downtown area, this property offers the best of both worlds. Investors will appreciate the impressive annual gross income of over $230,000, making The White Marlin House & Suites a lucrative opportunity. With its combination of a spacious and beautifully renovated main home and additional rental apartments, this property presents an excellent chance to maximize returns. The main home typically rents for $1,600-$1,800 per night year round. And each apartment averages $350/night, year round. Live in one of the units (or the main home) and rent the rest, rent the entire complex or each unit individually. The choice is yours. Being offered turnkey, this property is being sold fully furnished (interior and exterior) with everything you need for success - including the website, 50+ sets of linens, bath towels, kitchen wares, electronics and more. Must honor rentals for 2023. Don't miss out on this incredible investment opportunity. Contact me today to learn more and arrange your private viewing of The White Marlin House & Suites.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas
Exterior
-
Garage
No
-
Construction Materials
Blown-In Insulation, Concrete, Shake Siding
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,399,900
-
Tax Amount
9271.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
OCEAN CITY
-
Middle School
STEPHEN DECATUR
-
High School
STEPHEN DECATUR
Property Features
-
Sewer
Public Sewer
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Location
County
WORCESTER
Elementary School
OCEAN CITY
Middle School
STEPHEN DECATUR
High School
STEPHEN DECATUR
Listing Courtesy of Spike Sands , Berkshire Hathaway HomeServices PenFed Realty - OP
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