227/229 NORTH BROWN STREET Active Save Request In-Person Tour Request Virtual Tour
Fruitland,MD 21826
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,274 sqft
Price per Sqft $200
Subdivision Cedar Commons
MLS Listing ID MDWC2015080
Style Traditional
Year Built 2009
Annual Tax Amount $4,840
Tax Year 2024
Lot Size 0.270 Acres
Property Description
Investment Opportunity in a Strong Rental Market. No changes in asking rent for the last 3 years and current market rent is $75-$100 higher per bedroom.
- 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year.
-Rental Income of $48,956 and NOI of $28,212.87
-Proforma NOI at market rent is $35,412.87 or 7.8% cap rate
- Both units are in great condition with no deferred maintenance.
-Tenants are responsible for all utilities & water/sewer.
-The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.
-Buyers can tour the interior of the units with an agreed upon LOI.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R-3
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Roof Type Asphalt
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard