205 5th St, #45

Ocean City, MD 21842

A guest favorite vacation rental property, this property has generated $198,547 in revenue, as a short term rental, over the past 4 years for an average of $49636/yr. Located in the heart of Downtown Ocean City. A short walk to the bay and the beach. This unit comes fully furnished and ready to be listed for rent or move yourself right in. Enjoy the oversized spacious deck or hang inside where the mini split installed in 2023 will keep the inside nice and cool. If you like to hang out in the sun, enjoy the Parrot Bay community pool only 100' from your door. Only a block away is the bayside boardwalk and newly renovated park on 4th st and 3 short blocks from the Boardwalk and beach. Off Street parking is always crucial in Ocean City and on site security helps keep the community of Parrot Bay peaceful and enjoyable. The Parrot Bay association also provides internet. Electrical Panels were upgraded in 2021. Inside the unit you will find 3 bedrooms and 2 full bathrooms, a kitchen with new (2021) quartz countertops and new Appliances (2023), also you will find the dining room past the kitchen with a rear door to a wrap around deck and stairs. Additional storage for the building under the deck stairwell and along the side of the unit. In addition to the Condo Dues there is a quarterly fee of $697 due for building reserves in compliance to House Bill 107. The reserves are building specific so you don't pay for other buildings maintenance aside from common elements. The total combined monthly HOA and Reserve is $683/month.

This is an Active listing.

Broker Office Phone Number: 888-536-0216

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