"Lukas Apartments" is located on Saint Louis and 8th Street in downtown Ocean City. Just a block to the bay and a few blocks to the ocean. Views of both bay and ocean from balcony. The property consists of 2 separate buildings. One building is a 4 bedroom 2 bath house. The other building a separate first and second floor unit with 3 bedrooms and 2 baths each. The property has a total of 10 bedrooms and 6 full baths. Many new updates. Sold fully furnished. Winterized. All 3 units have 2 entrances, which gives the option of splitting the 3 current units into 3 additional smaller units.
Get ready to bring the whole family to this amazing three-story house! With 2 full kitchens, 4 bedrooms, 3 full baths, and a third floor with 3 bonus rooms, there's plenty of space for everyone. The first and second floors feature open-concept living areas with full kitchens, separate entrances, 2 bedrooms, a full bath, and large decks. The third floor has 3 bonus rooms and a full bath, providing flexibility for accommodating extra guests. You'll love the fact that there are no City taxes or HOA fees, and the lot size is 50 x 100, offering ample room for activities or boat trailer storage. Plus, there's a garage and shed for additional storage. Situated in the heart of West Ocean City's vibrant restaurant scene, you can enjoy nightly walks to dinner. Not to mention, the second-floor unit has a strong presence on Airbnb with consistent rentals over the years. Whether you want to live in one unit and rent the other, rent both units separately, or combine them into one large house, the choices are endless! Don't miss out on this incredible opportunity!
Awesome investment opportunity in a great downtown location! This building has 4 - 2 bed/2 bath condos and is close to the beach and the bay. Being on 26th street allows for short walks or bike rides to many OC staples for food, entertainment, the beach, The World Famous Ocean City Boardwalk and so much more! Currently three of the four units are long term rentals, with one condo being used as an Airbnb. Off street parking is awesome with 6 spaces on the lot. Photos are of the Airbnb Unit. Please contact listing agent for showing, access and any additional information.
What else do you need? Incredible investment opportunity for a owner who would like to have 4 fully furnished and ready to rent units. Mid-town location within walking distance from all of Ocean Cities best nightlife activities! Fager's Island, Seacrets, Macky's, Taphouse....you name it, you can get there from here. Highly demanded midtown corridor, OCEAN BLOCK WITH LARGE OPEN LOT in the rear that is part of this property. Super easy commuting with bus stops out front on Coastal and FREE PARKING!!! Open lot in the rear of the building is a HUGE perc on this purchase!! COMFIRM ALL BUILDING PLANS/PERMITS for the open area via Ocean City Zoning if that is your clients wishes. All items including roof, hvac, full interior of all units have all been renovated and newer appliances within the last 5 years! 100 yards off the sandy beaches and with this property, you will NEVER have to cross Coastal Highway to get to the beach safely! This is a PRIME opportunity for one lucky buyer! Good luck and schedule your showing sooner than later!!!
The median home value in Ocean City, MD is $449,950. This is higher than the county median home value of $404,700. The national median home value is $338,100. The average price of homes sold in Ocean City, MD is $449,950. Approximately 8.92% of Ocean City homes are owned, compared to 3.51% rented, while 87.57% are vacant. Ocean City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ocean City real estate agent to arrange a tour today!
Ocean City, Maryland has a population of 6,869. Ocean City is less family-centric than the surrounding county with 10.11% of the households containing married families with children. The county average for households married with children is 22.21%.
The median household income in Ocean City, Maryland is $58,563. The median household income for the surrounding county is $71,262 compared to the national median of $69,021. The median age of people living in Ocean City is 56.2 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 28.2 degrees. The average rainfall is approximately 44 inches per year, with 8.3 inches of snow per year.