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Key Details
Sold Price $480,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,544 sqft
Price per Sqft $188
Subdivision Frederick Historic District
MLS Listing ID MDFR261374
Sold Date 07/02/20
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,544
Originating Board BRIGHT
Year Built 1927
Annual Tax Amount $6,208
Tax Year 2020
Lot Size 3,600 Sqft
Acres 0.08
Property Description
Updated & Renovated Turn Key 4 Unit Apartment Building Fully Leased, Total Electric, And Individually Metered. Tenants Pay All Utilities With The Exception Of Water/Sewer Paid By Owner Which Averages $250.00 Paid Quarterly. Building Consists Of 2 One Bedroom Apartments On The First Floor & 2 One Bedroom Apartments On The Second Floor. All Apartments Have Front And Rear Shaded Porches. Basement Is Dry & Unfinished With Interior Access. Multiple Hot Water Heaters One For Each Apartment & 4 Window Units One For Each Apartment As Well. Current & Updated MD Lead Certificates On File AS Well AS Tenant Leases. Low Maintenance Block Construction With Walk Up Attic For Additional Storage If Needed. Tenants Can Obtain A Resident Parking Permit $50.00 Annually Which Permits Them To Park On The Street Free Of Charge With The Exception Of Trash Collection Which Is One Day Per Week Midnight To 7 AM. Small ' Pony Way ' & Or Alley On The East Exposure Accesses The Rear Of The Bldg. & Fenced Rear Yard. Total Annual Income Is $48,000.00 And Expenses Which Include Taxes, Insurance, Water/Sewer Are Approximately $7958.00 Which Provides A Net Operating Income Of Approximately $40,042.00. Convenient Walk To MARC Rail Station, Carroll Creek Promenade, Restaurants, Galleries, & Shopping. The Bldg. Is Well Maintained & Managed By Current Owner.
Location
State MD
County Frederick
Zoning DR
Rooms
Basement Other, Connecting Stairway, Poured Concrete, Dirt Floor, Interior Access
Interior
Interior Features Attic, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Kitchen - Eat-In, Wood Floors
Hot Water Electric, Multi-tank
Heating Baseboard - Electric, Radiant
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Hardwood, Carpet, Vinyl
Equipment Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Fireplace N
Window Features Screens,Vinyl Clad
Appliance Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Heat Source Electric
Exterior
Utilities Available Cable TV, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
View Garden/Lawn, Street
Roof Type Metal,Asphalt
Accessibility None
Garage N
Building
Lot Description Cleared, Level, Rear Yard
Foundation Stone, Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Lincoln
Middle Schools West Frederick
High Schools Frederick
School District Frederick County Public Schools
Others
Tax ID 1102028166
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Special Listing Condition Standard
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Bought with Yeewen Chang • Evergreen Properties
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