For Sale
For Sale
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Year Built
2007 (Renovated 2007)
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Overview
The Woodlands is a compelling new multifamily investment opportunity along Maryland's Eastern Shore. It is a 3-building, 55+ senior living community within the greater resort community of Ocean Pines. There are 35 condominium units for sale in a 52 unit condominium building.
Located on Marylands Eastern Shore
Selling 35 units
50 parking spaces
Residents have access to the Ocean Pines Community amenities
Amenities include an 18-hole golf course, 2 marinas, 5 swimming pools, a yacht club, country club
Additional amenities include tennis club, hiking & walking trails, beach access with private parking
Ideal location to support a successfuly seniors housing development
There are 1 and 2 bedroom units (700 sf & 1200 sf)
9.2% Cap Rate
98% occupancy
Property Details
The Woodlands is a compelling new multifamily investment opportunity along Maryland's Eastern Shore. It is a 3-building, 55+ senior living community within the greater resort community of Ocean Pines. There are 35 condominium units for sale in a 52 unit condominium building.
Located on Marylands Eastern Shore
Selling 35 units
50 parking spaces
Residents have access to the Ocean Pines Community amenities
Amenities include an 18-hole golf course, 2 marinas, 5 swimming pools, a yacht club, country club
Additional amenities include tennis club, hiking & walking trails, beach access with private parking
Ideal location to support a successfuly seniors housing development
There are 1 and 2 bedroom units (700 sf & 1200 sf)
9.2% Cap Rate
98% occupancy
- Property TypeOffice
- Year Built2007Renovated 2007
- Sale Price$4,950,000
- Total Acres1.19
- Cap Rate9.0%
- Number of Floors3
- ZoningR-3 Multi-Family Residential/Special Exception
- Property ID1514983