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Liz Kapp
302-569-0012
FOR SALE
$1,149,900

2 48TH Street UNIT 201
Ocean City, MD 21842

High-rise
Residential
4
Beds
3
Baths
2,385
Sq. Ft.
N/A
Acre Lot
1of
Photos
Map
Courtesy: Keller Williams Realty Delmarva, lwbunting@comcast.net
brightmlshomes.com> Maryland> Ocean City> 21842
This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! The interior of the condominium was completely repainted in 2021 to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash. The owner replaced the majority of the contents of the kitchen, which do convey with this fully furnished, turn-key property. All TVs were upgraded along with the wall art and living room sectional sofa. The area rugs were updated and the dining room chairs were reupholstered as well. In the bedrooms all linens and comforters were replaced. The residence also features two balconies, one of which is accessible from each bedroom and the living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. This property was a vacation rental and grossed nearly $66,000 from June 18, 2022 to Sept 10, 2022. Additional weeks could have been booked producing more potential income in this highly sought after complex. See the attached rental projection estimating nearly $96,000 in possible gross rental income. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence.
MDWO2011176
High-rise, 1 Story
4
Ocean City
WORCESTER
3 Full
2008
2.5%
Electric Water Heater, Public Water Service
1
Concrete, Metal
Private Sewer System, Public Septic System
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Keller Williams Realty Delmarva, lwbunting@comcast.net
This content last refreshed on 1/27/2023 1:18 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.