407 PHILADELPHIA AVE #31

407 PHILADELPHIA AVE #31, OCEAN CITY, MD 21842

Price:  199900
MLS #:  MDWO2018352
Living Area:  299
Lot Area:  1.00
Days Listed:  115 days
Foreclosure:  N
Short Sale:  No
Status:  Pending

Description

INVESTOR ALERT! This well maintained coin laundromat is in the perfect downtown location with so much potential. The space was recently updated with new flooring. The building has 6 washers and 7 dryers all recently cleaned and serviced by Easco Laundry Systems. The laundromat also Includes a 4 camera security system, a bill to coin machine, and a coin laundry detergent dispenser. Annual income ranges between $12k-$16k annually. Its current use is a laundromat, but there is an opportunity to convert it into an efficiency with great rental potential. Complete with one parking space and access to the Parrot Bay Community Pool. Only 2 blocks from the beach and boardwalk! Do not miss out on this unique opportunity!