$350,000
$360,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
7,492 SqFt
SOLD DATE : 10/31/2023
Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,492 sqft
Price per Sqft $46
Subdivision None Available
MLS Listing ID MDAL2006550
Sold Date 10/31/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,121
Tax Year 2023
Lot Size 6,905 Sqft
Acres 0.16
Property Description
Exceptional Investment Opportunity: 11-Unit Apartment Building with Additional Portfolio Options
Presenting an incredible investment opportunity, we have an 11-unit apartment building that offers tremendous potential for savvy investors. The building consists of 8 spacious two-bedroom, one-bath units, along with three comfortable one-bedroom, one-bath units. The diverse unit mix caters to a broad range of tenants, ensuring steady rental income.
Convenience and tenant satisfaction are priorities, as the property boasts on-site laundry facilities located at the rear. This amenity adds value and convenience for residents, enhancing the overall appeal of the building.
What sets this opportunity apart is the chance to acquire not only this 11-unit building but also an additional portfolio of properties. Included in the portfolio is another 11-unit building located at 215 Virginia Ave, along with a single-family home located at 7-9 N Waverly St . This combined offering totals an impressive 23 units in three properties.
Remarkably, this substantial portfolio is available at an attractive price of just $765,000! Don't miss out on the chance to acquire such a sizable portfolio at a discounted rate, securing multiple income-generating properties in one strategic investment.
Take advantage of this exceptional opportunity to expand your investment portfolio and capitalize on the potential for long-term growth and profitability.
For more information or to schedule a viewing. Opportunities like these are rare, so act swiftly to secure this remarkable investment package.
Location
State MD
County Allegany
Area Ne Allegany - Allegany County (Mdal10)
Zoning R-O
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allegany County Public Schools
Others
Tax ID 0123012448
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Roberto G. Gonzalez • RG Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "