$550,000
$675,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
5,772 SqFt
SOLD DATE : 10/10/2024
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,772 sqft
Price per Sqft $95
Subdivision None Available
MLS Listing ID MDWA2022760
Sold Date 10/10/24
Originating Board BRIGHT
Year Built 1957
Annual Tax Amount $4,665
Tax Year 2024
Lot Size 3,000 Sqft
Acres 0.07
Property Description
Remodeled 8-Unit Apartment Building - High Income Potential
Seize a prime investment opportunity with this fully remodeled 8-unit apartment building, designed to generate substantial income with the potential for future rent increases. Each unit is equipped with separate electric meters and modern amenities, including baseboard heating, individual A/C units, and laminate flooring. The updated kitchens and bathrooms, along with a newer roof, enhance the property's appeal. With low owner expenses—tenants cover their electric bills—this property is a valuable addition to your portfolio. Showings require at least 48 hours' notice.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Other
Cooling Other
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Eastern
School District Washington County Public Schools
Others
Tax ID 2225024451
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States