148 Jamestown RoadOcean City, MD 21842Price: $799,000

Contractor's Alert! R-2 Zoning. This strategically located home within a short walk to the Ocean and the Bay has so much potential to expand the living space! In addition to the 3 bedroom 1.5 bath home and a separate entrance second floor 1 bedroom 1.5 bath apartment with balcony and loft this property possesses a huge 20 ft by 20 ft first floor two story unfinished room off the kitchen that could be finished to a great room with cathedral ceilings,or possibly primary bedroom suite, or additional bedrooms. This room is already studded out with electricity, insulation and beautiful sliders and arched windows on two sides already in place. It just needs drywall and your imagination! The 2nd floor 1 bedroom apartment with balcony and and extra sleeping room in loft has separately metered electric service. There is a one car garage plus a separate large storage shed. The backyard is fenced for privacy with lots of outdoor seating space and room for a hot tub. Potential, potential, potential for awesome rental income or a flip after conversion of huge unfinished area. A list of newly upgraded features is attached as a document in disclosures. Must see. No condo or HOA fees. The owners do not rent but the rental income potential, especially if the massive 20 x 20 unfinished 1st floor space were finished would be high.