206 Somerset St #4, Ocean City, MD, 21842

206 Somerset St #4, Ocean City, MD, 21842 < >
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for sale
$949,000
Bedrooms:12
Bathrooms:6
Square Feet:5840
Lot Size:0.11 Acres
Year Built:1930
Status:Active
MLS #:MDWO115388
Date Updated:
For information contact:
Team Moran
410-520-2628
52961
Get More Information
Go See This Home
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.
Interior Details
Above Grade Fin SQFT: 5840Architectural Style: Coastal
Bathrooms Full: 6Bathrooms Half: 0
Below Grade Fin SQFT: 0Below Grade Finished Area Units: Square Feet
Fireplaces Count: 0Levels Count: 2

Exterior Details
Roof: Architectural ShingleView: Bay, City, Harbor, Marina, Scenic Vista, Street, Water
Water Access YN: NWaterfront YN: N
Water Oriented YN: NNavigable Water YN: N
Parking Features: Dirt Driveway, Gravel DrivewayRoad Frontage Length: 100
Lot Features: Additional Lot(s), Premium, Subdivision Possible, OthLot Size Acres: 0.11
Lot SQFT: 5000.00Exterior Features: Street Lights, Other

Community Information
HOA YN: NSenior Community YN: N
Zoning: DMXMLS Area: Bayside Interior (83)
Location Type: BayblockCounty: WORCESTER
Municipality: Ocean CitySubdivision Name: NONE AVAILABLE

School Details
School District Name: WORCESTER COUNTY PUBLIC SCHOOLSMiddle Or Junior School: STEPHEN DECATUR
Elementary School: OCEAN CITYHigh School: STEPHEN DECATUR

Property Information From MLS Data
Accessibility Features: OtherStory List: Lower 1, Main
Year Built: 1930New Construction YN: N
DOM: 108

Financial Information
Tax Annual Amount: 520.0Tax Year: 2020
Sale Type: Standard

Utilities
Sewer Septic: Public SewerUtilities: Other
Water Source: PublicCooling Type: Window Unit(s)
Cooling Fuel: ElectricElectric Service: Other
Heating Type: NoneHeating Fuel: None
Hot Water: Other, Electric

Listing Information Courtesy of:
List Office Name: Coldwell Banker Realty
List Office Phone: 4105241203
List Agent Full Name: Michael Nolen

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Listing courtesy of Michael Nolen, Coldwell Banker Realty

Information obtained from Bright MLS is current as of 8/13/2022 10:52 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.
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