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    206 Somerset Street , #4

    OCEAN CITY, MD 21842
    • $949,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: MDWO115388
    UPDATED: 62 min ago
    $949,000
    • 12
      BEDS
    • 0.11
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,840
      SQFT
    • $163
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1930
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Welcome to your next opportunity in the Ocean City, MD opportunity zone at the Somerset Harbor property boosting 56 land use options with this DMX zoned land and units. The existing 3 buildings features 2x two bedroom, 1 bathroom units making up 6 units, and confirms with 6-12 possible units w/ redevelopment options set to improve the area. Currently, 4 units are rented as a AirBnb vacation rental and 2 as employee/student summer housing. Each unit has been moderately updated, and is already income producing. DMX zoning allows for 56 land use redevelopment options such as a new condo building, single family home(s), hotel/motel, commercial, mixed-use, retail stores, the list goes on.... Inquire for Land-Use Resources.

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    ©2020 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 Miller Team at Northrop Realty, A Long & Foster Company. 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: 2020-09-21T06:51:39.843.
    www.millerteam.com/homes/108255994
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    206 Somerset Street , #4 OCEAN CITY, MD 21842

    • Price: $949,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: MDWO115388
    12
    Beds
    6
    Baths
    0
    ½ Baths
    0.11
    Acres
    5,840
    SQFT
    $163
    $/SQFT
    1930
    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
    Welcome to your next opportunity in the Ocean City, MD opportunity zone at the Somerset Harbor property boosting 56 land use options with this DMX zoned land and units. The existing 3 buildings features 2x two bedroom, 1 bathroom units making up 6 units, and confirms with 6-12 possible units w/ redevelopment options set to improve the area. Currently, 4 units are rented as a AirBnb vacation rental and 2 as employee/student summer housing. Each unit has been moderately updated, and is already income producing. DMX zoning allows for 56 land use redevelopment options such as a new condo building, single family home(s), hotel/motel, commercial, mixed-use, retail stores, the list goes on.... Inquire for Land-Use Resources.
    Exterior Features

    Architectural Style Coastal Construction Materials Stick Built Direction Faces South Exterior Features Street LightsOther Garage YN No Location Type Bayblock Lot Features Additional Lot(S)PremiumSubdivision PossibleOther Other Structures Above GradeBelow Grade Parking Features Dirt DrivewayGravel Driveway Parking Types DrivewayOn StreetOff StreetParking Lot Pool No Pool Property Condition Average Riparian Rights YN No Roof Architectural Shingle View BayCityHarborMarinaScenic VistaStreetWater Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 5840 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Heating None Levels 2 Main Level Bedrooms 6 Spa YN No

    Property Features

    Acceptable Financing ConventionalBank Portfolio Accessibility Features Other Assessment Year 2020 Association YN No Building Name None Available Central Air YN No Condo YN No Cooling Fuel Electric Electric Other Foundation Details Block Heating Fuel None Hot Water OtherElectric Incorporated City Name Ocean City Navigable Water YN N New Construction YN No Original MLSNumber 304218166885 Ownership Interest Fee Simple Possession 0-30 Days CdNegotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 520.00 Tax Assessment Amount 36800.00 Tax Lot 4 Total Actual Rent 90000.00 Utilities Other Vacation Rental YN Yes Water Source Public Zoning Dmx Zoning Description Mixed UsePedestrian-Oriented Area That Encourages Development & Redevelopment Characteristic Of The Oldest Part Of Ocean City.

    Listing courtesy of Coldwell Banker Residential-120.


    ©2020 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 Miller Team at Northrop Realty, A Long & Foster Company. 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: 2020-09-21T06:51:39.843.
     
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    The Miller Team at Northrop Realty, A Long & Foster Company
    10065 Baltimore National Pike
    Ellicott City MD, 21042