Skip To Content
    Return to Previous Page

    6 & 8 43RD Street

    OCEAN CITY, MD 21842
    • $3,200,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: MDWO119262
    UPDATED: 20 min ago
    $3,200,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    ONCE IN A LIFETIME OPPURTUNITY.Included in this sale is 6 & 8 43rd street, consisting of a large coastal 2 bedroom 2 bath home with attached 2 car garage, 2 bedroom 1 bath apartment, two updated very well maintained 2 bedroom 1 bath cottages and four 2 bedroom 1 bath condos with parking and all located ocean block within steps to the beach and several units having great ocean views!The main house located on 8 43rd street is a beautiful coastal design with attached garage and work shop (not pictured). Enjoy the gorgeous views from your large second floor deck, that wraps around to the east side of the home for endless summer enjoyment. Two large bedrooms, updated master bath with walk in shower, hall bath with tub/shower and large laundry room make this a one of kind ocean block property. New roof in 2020 and new hvac in 2019The two bedroom apartment is located under the main home, one bath, washer and dryer, and full kitchen. Currently is being rented year around.Two lovely seasonal cottages (Potter Cottage and Bocci Cottage) sit behind the main house, each with two bedrooms, 1 bathroom, full kitchen, dining area, large deck and outdoor shower. Recently updated in 2012 with all new flooring, kitchen, appliances, hvac, and roof. Laundry located under the cottages for guests. Rented sparingly these show very well.The four plex located on 6 43rd street known as Bahia Mar sits on a double lot that has the potential to have another 4 unit structure built (please confirm with the zoning department, contact info available). This recently updated seasonal 4 unit building has amazing ocean views from the top two units (2E, 2W). New roof in 2019. Each unit consists of two bedrooms, 1 bathroom, full kitchen, dining area, outdoor shower, and the top two units also have washers and dryers. 1 E and 1 W both located on the first floor were updated in 2020 with new kitchens, tankless hot water heaters, new hvac in 2018 and 2019 etc. Large siting area upon entry and within steps to the beach. These two units have access to the laundry room located under the cottages as well. The two top units (2E, 2W) have amazing ocean views, 2E was recently updated with all new flooring, kitchen appliances, and over sized windows in the kitchen making it possible to see the waves crashing from with inside the unit. This building has been condominiumized.This property has been enjoyed by family and friends for over 20 years and rented sparingly through the summer. Rental projections suggest annual gross income between $221,120- $260,400. Break down of numbers can be made available upon request.Taxes for Bahia Mar are $2,197.53 per unit.Electric averages for Bahia Mar $404-$407 per unit a year.Annual condo fee for Bahia Mar- $1500 per unit.Electric total for the main house in 2019 was $1,958.58.Electric total for the laundry room under cottages in 2019 was $484.68.Electric total for Bocci Cottage in 2019 was $284.99.Electric total for Potter Cottage in 2019 was $417.10.Bahia Mar units are 612 sqft each x 4 units for a total of 2448sqft.Total square footage for all units collectively is 6538sqft.Tax records and tax assessment are for 6 43rd St. Tax info for 8 43rd St is mentioned above.** Seller financing available.Sellers are licensed real estate agents in Va.The potential for these properties is un paralleled, and truly a once in a lifetime opportunity.

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rhonda Frick Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-02-28T18:50:39.743.
    www.rhondafrick.com/homes/113131122
    Print Image

    6 & 8 43RD Street OCEAN CITY, MD 21842

    • Price: $3,200,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: MDWO119262
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1960
    Built
    Neighborhood:
    Ocean Block (82)
    County:
    Worcester
    Area:
    Ocean Block (82)
    School District:
    Worcester County Public Schools
    Property Description
    ONCE IN A LIFETIME OPPURTUNITY.Included in this sale is 6 & 8 43rd street, consisting of a large coastal 2 bedroom 2 bath home with attached 2 car garage, 2 bedroom 1 bath apartment, two updated very well maintained 2 bedroom 1 bath cottages and four 2 bedroom 1 bath condos with parking and all located ocean block within steps to the beach and several units having great ocean views!The main house located on 8 43rd street is a beautiful coastal design with attached garage and work shop (not pictured). Enjoy the gorgeous views from your large second floor deck, that wraps around to the east side of the home for endless summer enjoyment. Two large bedrooms, updated master bath with walk in shower, hall bath with tub/shower and large laundry room make this a one of kind ocean block property. New roof in 2020 and new hvac in 2019The two bedroom apartment is located under the main home, one bath, washer and dryer, and full kitchen. Currently is being rented year around.Two lovely seasonal cottages (Potter Cottage and Bocci Cottage) sit behind the main house, each with two bedrooms, 1 bathroom, full kitchen, dining area, large deck and outdoor shower. Recently updated in 2012 with all new flooring, kitchen, appliances, hvac, and roof. Laundry located under the cottages for guests. Rented sparingly these show very well.The four plex located on 6 43rd street known as Bahia Mar sits on a double lot that has the potential to have another 4 unit structure built (please confirm with the zoning department, contact info available). This recently updated seasonal 4 unit building has amazing ocean views from the top two units (2E, 2W). New roof in 2019. Each unit consists of two bedrooms, 1 bathroom, full kitchen, dining area, outdoor shower, and the top two units also have washers and dryers. 1 E and 1 W both located on the first floor were updated in 2020 with new kitchens, tankless hot water heaters, new hvac in 2018 and 2019 etc. Large siting area upon entry and within steps to the beach. These two units have access to the laundry room located under the cottages as well. The two top units (2E, 2W) have amazing ocean views, 2E was recently updated with all new flooring, kitchen appliances, and over sized windows in the kitchen making it possible to see the waves crashing from with inside the unit. This building has been condominiumized.This property has been enjoyed by family and friends for over 20 years and rented sparingly through the summer. Rental projections suggest annual gross income between $221,120- $260,400. Break down of numbers can be made available upon request.Taxes for Bahia Mar are $2,197.53 per unit.Electric averages for Bahia Mar $404-$407 per unit a year.Annual condo fee for Bahia Mar- $1500 per unit.Electric total for the main house in 2019 was $1,958.58.Electric total for the laundry room under cottages in 2019 was $484.68.Electric total for Bocci Cottage in 2019 was $284.99.Electric total for Potter Cottage in 2019 was $417.10.Bahia Mar units are 612 sqft each x 4 units for a total of 2448sqft.Total square footage for all units collectively is 6538sqft.Tax records and tax assessment are for 6 43rd St. Tax info for 8 43rd St is mentioned above.** Seller financing available.Sellers are licensed real estate agents in Va.The potential for these properties is un paralleled, and truly a once in a lifetime opportunity.
    Exterior Features

    Construction Materials Aluminum Siding Garage YN No Parking Types DrivewayParking LotPrivate Garage Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4090.00 Cooling Central A/C Exclusions Personal Items Heating Heat Pump(S) Heating YN Yes Inclusions Sold Furnished Net Square Feet 4090.00

    Property Features

    Acceptable Financing ConventionalSeller Financing Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingOther Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304435124503 Ownership Interest Fee Simple Possession ImmediateSettlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 10409.00 Tax Assessment Amount 736700.00 Tax Lot 16 Vacation Rental YN No Water Source Public Zoning R-3

    Listing courtesy of Coastal Resort Sales And Rent.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rhonda Frick Team | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-02-28T18:50:39.743.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304435124503-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304435124503-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304435124503-2.jpg
    Logo
    The Rhonda Frick Team | Long & Foster Real Estate
    33298 Coastal Hwy
    Bethany Beach DE, 19930