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Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,178 sqft
Price per Sqft $185
MLS Listing ID MDWA2022114
Sold Date 10/29/24
Style Colonial
Abv Grd Liv Area 2,178
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $1,849
Tax Year 2024
Lot Size 8,750 Sqft
Acres 0.2
Lot Dimensions 50' x 175'
Property Description
New Listing: Prime Investment Opportunity - 3 Unit All-Brick Property!! Discover a fantastic investment opportunity with this well-maintained, all-brick, 3-unit property. Perfectly situated on a generous 50x175 lot, this cash flow positive property is ideal for investors seeking stable rental income. Being cash flow positive will allow you to benefit from immediate rental income with all units currently leased on yearly contracts, ensuring a steady cash flow. The all-brick construction exudes timeless appeal and durability, complemented by a charming wrap-around porch that enhances the property's curb appeal. Tenants will appreciate the paved parking area, providing ample space and convenience. This property has been diligently cared for, ensuring minimal maintenance and hassle-free management for the new owner. With yearly leases in place, enjoy the peace of mind that comes with reliable rental income. The all-brick exterior and overall well-maintained condition reduce the need for frequent repairs, enhancing your return on investment. This is a rare opportunity to acquire a cash flow positive, multi-unit property with excellent tenant appeal and minimal upkeep. Don't miss your chance to invest in this prime piece of real estate. Schedule a showing today and take the first step towards enhancing your investment portfolio!
Location
State MD
County Washington
Zoning RU
Rooms
Basement Fully Finished, Improved, Walkout Stairs
Interior
Interior Features Attic
Hot Water Natural Gas, Tankless
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Available
Water Access N
Accessibility None
Garage N
Building
Lot Description Corner, Level
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Hickory
Middle Schools Springfield
High Schools Williamsport
School District Washington County Public Schools
Others
Tax ID 2226002400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Wendy K Aloi • Real Estate Innovations