5906-5908 Coastal Hwy - Apartments FOR SALE


Ocean City, MD 21842
$3,999,999 USD
443-742-5747
5906-5908 Coastal Hwy, Ocean City, MD for Sale
$3,999,999 USD
Apartments - FOR SALE
1/5
null | 6.5% Cap Rate

5906-5908 Coastal Hwy
Ocean City, MD 21842


HIGHLIGHTS

  • Seller Financing Available !!!

OVERVIEW

Premium Turnkey Rental Portfolio: 5 Luxury Units in Ocean City, MD An exceptional acquisition opportunity features a meticulously curated portfolio of 5 luxury short-term rental units in the high-demand market of Ocean City, Maryland. This fully stabilized asset offers immediate, optimized cash flow paired with a strong history of high occupancy and long-term capital appreciation. Ocean and Bay views 300 steps from the beach on the ocean side of coastal highway. Prime location near all top restaurants and close enough to the convention center and boardwalk. Each unit sleeps 14 people which is more than other townhouse condo's in the area. Priced under well under comps to maximize rental profitability compared to all other units in the area. - $301K plus annual gross rents per year with repeat rental business and to increase rents - Excellent Occupancy and repeat rental customers. - Seller Financing Available as low as 4% Interest Only - (Subject to minimum cash to close and terms) - 180K in renovations made in 2026 this year. FEATURES & AMENITIES Two Buildings / 5 Units for sale in portfolio Condo Assoc included with the sale of portfolio Fully booked short term rental income annually with room to raise rents. 4 level townhouses with 3 car garages and/or parking pads Each unit is 4 BDR 3.5 BTH with Decks on every level and views of the ocean and bay. 300 steps away from the beach on the ocean side of Coastal Hwy. New cosmetic improvements made in 2026

FOR SALE DETAILS

PRICE

$3,999,999 USD

PRICE/SF

$1,978 USD /SF

# OF UNITS

5

PRICE/UNIT

$800,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ashley SmithSand Dollar LLCMore Info
443-742-5747

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Ashley SmithSand Dollar LLCMore Info
443-742-5747

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.