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103 Talbot Street

OCEAN CITY, MD 21842
  • $2,300,000
  • STATUS: Closed
  • ON SITE: 323 Days
  • ID#: MDWO2015384
Sold - 10/27/2023
$2,300,000
SOLD - 10/27/2023
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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©2024 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 At The Beach 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: 2024-06-14T17:00:23.53.
www.bartonatthebeach.com/homes/141853627
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103 Talbot Street OCEAN CITY, MD 21842

  • Price: $2,399,900
  • Status: Closed
  • On Site: 323 Days
  • Updated: 96 min ago
  • ID#: MDWO2015384
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1940
Built
Neighborhood:
None Available
County:
Worcester
Area:
Bayside Interior (83)
Elementary School:
Ocean City
Middle School:
Stephen Decatur
High School:
Stephen Decatur
School District:
Worcester County Public Schools
Property Description
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.
Exterior Features

Construction Materials Advanced FramingBlown-In InsulationConcreteShake SidingStick Built Garage YN No Parking Types DrivewayOn Street Property Condition Excellent Riparian Rights YN No Roof Architectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4312.00 Cooling Central A/C Exclusions Tall dock box on bottom floor of apartments Flooring HardwoodLaminate PlankSolid Hardwood Heating Energy Star Heating System Heating YN Yes Inclusions All Linens over 50 sets Net Square Feet 4312.00 Security Features Security System

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2023 Business Type Apartment Building Buyer Financing Cash Central Air YN Yes Cooling Fuel Electric Electric Circuit Breakers Foundation Details Crawl Space Heating Fuel Natural Gas Hot Water TanklessNatural Gas Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 802505330656 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 9271.00 Tax Assessment Amount 697267.00 Tax Lot 81 Utilities Natural Gas AvailableCable TVElectric Available Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning DMX

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP: .


©2024 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 At The Beach 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: 2024-06-14T17:00:23.53.
 
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At The Beach Real Estate
11615 1/2 Coastal Hwy Suite H
Ocean City MD, 21842