spacious 3-bedroom, 2-bath co-op in ocean court complex in the north end of ocean city, just a short walk to the beach, boardwalk, and downtown shopping. enjoy generous living space and the convenience of reserved off-street parking. cash purchase only - no financing permitted. buyer is responsible for a one-time initial co-op buy-in fee equal to 2% of the purchase price. no pets or rentals permitted. a convenient opportunity to own in a prime ocean city location close to the beach and all the resort has to offer. a co-op apartment is a type of housing where you buy shares in a corporation that owns the entire building rather than purchasing the real estate itself. instead of receiving a property deed, you receive a stock certificate and a proprietary lease that gives you exclusive right to a specific apartment.