5 48TH STREET, OCEAN CITY, MD 21842

BRAND NEW HVAC! UPGRADED KITCHEN! UPGRADED BATHROOMS! Incredible investment opportunity. This unique townhome is in oceanfront Ocean Colony complex - located in popular Mid-Town. Entry level has a one bedroom efficency, perfect for guests or even rent out separately, with own outside entrance. If you like balconies and decks - this is your happy place. On the living level, there is a large deck off the living room and a balcony off the main level bedroom (great for sunsets). On the next floor there are two bedrooms, each with own deck (one for sunsets, one for sunrises). On the top level, there is a bedroom and a sitting room/den, which could be used as an extra bedroom, and there is a huge balcony with awesome ocean views. Ocean Colony has a beautiful pool, and lots of green common space. This is always one of the most sought-after communities in town. There is carport parking, and also reserved parking and off street permit parking. And the rental potential is huge. Owners don't rent, but estimated GRI is $70,000-$85,000. Updated kitchen, bathrooms, LVP flooring, New HAVC (installed Dec2024) - Great investment - Great Vacation Home - Great Primary Residence - Or live upstairs/Rent Downstairs...Act fast!