Type
Price
Beds
Baths
Filters

227/229 North Brown Street Fruitland, MD 21826

$455,000
0.27
Acres
2,274
SQFT
200
$/SQFT
$455,000
2,274   sf
$200 / sf
Favorite

active
1/39
Street View

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.

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.

  • Neighborhood
    Cedar Commons
  • Type
    Townhouse
  • County
    Wicomico
  • Area
    Wicomico Southeast
  • Tax Amount
    $4,840
  • Status
    Active
  • Listing #
    MDWC2015080
  • Built
    2009
  • Lot Size
    0.27
  • Listed on site
    23 days
  • Listing Agent Id
    300359823077

Listed by:
SVN/Miller Commercial Real Estate

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Parking Off-Street

Style

  • Traditional
  • Duplex
Favorite

Tour This Home

Sat
05Oct
Sun
06Oct
Mon
07Oct
Tue
08Oct
Wed
09Oct
Thu
10Oct
Fri
11Oct
Sat
12Oct
Sun
13Oct
Mon
14Oct
Tue
15Oct
Wed
16Oct
Thu
17Oct
Fri
18Oct
in Person
via Video Call