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407 Philadelphia Avenue , #31

OCEAN CITY, MD 21842
  • $224,900
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: MDWO2018352
$224,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Information

Elementary School:
Middle School:
High School:

Description

INVESTOR ALERT! This well maintained coin laundromat is in the perfect downtown location with so much potential. The space was recently updated with new flooring. The building has 6 washers and 7 dryers all recently cleaned and serviced by Easco Laundry Systems. The laundromat also Includes a 4 camera security system, a bill to coin machine, and a coin laundry detergent dispenser. Annual income ranges between $12k-$16k annually. Its current use is a laundromat, but there is an opportunity to convert it into an efficiency with great rental potential. Complete with one parking space and access to the Parrot Bay Community Pool. Only 2 blocks from the beach and boardwalk! Do not miss out on this unique opportunity!

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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 The Charles Graef Home Selling Team | REMAX Associates. 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: 2024-02-25T23:52:37.627.
www.searchalldelawarerealestate.com/homes/146546311
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407 Philadelphia Avenue , #31 OCEAN CITY, MD 21842

  • Price: $224,900
  • Status: Active
  • On Site: 46 Days
  • ID#: MDWO2018352
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2007
Built
Neighborhood:
Bayside Interior (83)
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
INVESTOR ALERT! This well maintained coin laundromat is in the perfect downtown location with so much potential. The space was recently updated with new flooring. The building has 6 washers and 7 dryers all recently cleaned and serviced by Easco Laundry Systems. The laundromat also Includes a 4 camera security system, a bill to coin machine, and a coin laundry detergent dispenser. Annual income ranges between $12k-$16k annually. Its current use is a laundromat, but there is an opportunity to convert it into an efficiency with great rental potential. Complete with one parking space and access to the Parrot Bay Community Pool. Only 2 blocks from the beach and boardwalk! Do not miss out on this unique opportunity!
Exterior Features

Construction Materials BlockFrameStick Built Garage YN No Location Type Downtown Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 299.00 Cooling Wall Unit Flooring Luxury Vinyl Plank Heating Baseboard - Electric Heating YN Yes Inclusions As Seen - 6 Washers/7 DryersBill to Coin MachineLaundry Detergent Dispenser Net Square Feet 299.00 Security Features 24 hour securityExterior Cameras

Property Features

Acceptable Financing Cash Accessibility Features Doors - Lever Handle(s) Assessment Year 2023 Association Expense 2570.00 Business Type Other/General Retail Central Air YN No Cooling Fuel Electric Electric Expense 1780.00 Foundation Details BlockCrawl SpaceFlood Vent Gross Income 15000.00 Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 683.00 Lease Considered YN No Maintenance Expense 1000.00 Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 1 Operating Expense 8000.00 Operating Expense Includes Cable TVElectricHeating/CoolingInsuranceLandscapingManagement FeesPest ControlRepair/MaintenanceSewerTrashWater Original MLSNumber 802808973506 Other Expense 300.00 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 168.00 Tax Assessment Amount 11900.00 Tax Lot 31 Total Actual Rent 15000.00 Transportation Bus Stop less than 1 mile Vacation Rental YN No Water Source Public Zoning LC-1

Listing courtesy of ERA Martin Associates, Shamrock Division: .


©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 The Charles Graef Home Selling Team | REMAX Associates. 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: 2024-02-25T23:52:37.627.
 
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