$1,100,000 · OCEAN CITY, MD 21842
Works for flippers

Available

$1,100,000Asking price

16 bd · 10 ba · 9,636 sq ft · built 1900

OCEAN CITY, MD 21842

No contract on file

via InvestorLift Classic

1 view · listed Sep 25

Works for flippers

The Numbers

Sells for (ARV)From the listing: $2,250,000
Asking price: −$1,100,000
RepairsMiddle of the seller’s $200,000 – $300,000. Ours: $118,000 – $246,000: −$250,000
Loan, holding, closing20% down, 12% interest, 2 points, 160 days: −$164,390
Profit32.7% of ARV · flippers want 10%+: $735,610
Works

Works for a flipper up to $1,569,000.

OLYMPUS EQUITY

Kenneth Jester

No reviews yet

Comps

ARV $2,250,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $1,679,000.

The sales behind this value are shown to members.

ARV $2,250,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OLYMPUS EQUITY

Kenneth Jester

No reviews yet

Seller Description

Check out these two side by side properties located in prime downtown Ocean City MD that include: Six 2 bed and four 1 bed units. A 5 minute walk to the boardwalk and beach along with countless restaurants and bars. This property is waiting to be converted to a short term rental GOLDMINE. Potential 11.5% Cash on Cash return by EOY1 and 13.8% by EOY3 along with a potential 2x equity multiple by EOY2 and extremely strong IRR's if sold within a 7 year hold. Whether you have a huge tax bill that needs to be reduced by the end of the year or you're looking for the next gem for your portfolio, reach out for more info today! Address and additional due diligence info available upon request, everything will be handled through Investorlift. Reach out for a local contractor SoW estimate to bring to 2026 STR standards as well as videos of each unit. Showings available upon accepted offer as to not disturb the tenants.