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227/229 NORTH BROWN STREET
FRUITLAND MD 21826 US

$455,000

Active Listing ID MDWC2015080
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Lot: 0.27 Acres
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$455,000

Active Listing ID MDWC2015080
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227/229 NORTH BROWN STREET 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.

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Property Features

  • Facts
  • Lot Size: 0.27 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Heat Pumps
  • Heating Fuels: Heat Pump

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 455000
  • unparsedaddress: 227/229 NORTH BROWN STREET
  • postalcity: FRUITLAND
  • stateorprovince: MD
  • country: US
  • postalcode: 21826
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.27
  • lotsizeunits: Acres
  • lotsizearea: 0.27
  • livingarea: 2274
  • livingareaunits: Square Feet
  • latitude: 38.31760207
  • longitude: -75.61023099
  • listagentfullname: Andrew Ball
  • listagentemail: andy.ball@svn.com
  • listagentkey: 3yd-TRENDPA-3256030
  • listagentmlsid: 3256030
  • listagentpreferredphone: 4105432440
  • listagentofficephone: 4105432440
  • listofficekey: 3yd-TRENDPA-123MCR
  • listofficemlsid: 123MCR
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 2009
  • listingcontractdate: 2024-09-12
  • listagenturl: https://svnmiller.com
  • countyorparish: WICOMICO
  • elementaryschooldistrict: WICOMICO COUNTY PUBLIC SCHOOLS
  • middleorjuniorschooldistrict: WICOMICO COUNTY PUBLIC SCHOOLS
  • highschooldistrict: WICOMICO COUNTY PUBLIC SCHOOLS
  • cooling: Heat Pumps
  • heating: Heat Pump
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 8
  • waterfrontyn: False
  • interiorfeatures: 2+ Access Exits
  • architecturalstyle: New Traditional
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -75.61023, 38.3176
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"SVN/Miller Commercial Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"andy.ball@svn.com", "ListBrokerageCity":"Salisbury", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brent.miller@svn.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"SVN/Miller Commercial Real Estate", "ListBrokeragePhone":"(410) 543-2440", "ListBrokeragePostalCode":"21801", "ListBrokerageStateOrProvince":"MD", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"206 East Main Street", "ListBrokerageWebsiteUrl":"https://svnmiller.com", "ListOfficeAddress1":"206 Main STREET", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Salisbury", "ListOfficeCountry":"US", "ListOfficeEmail":"brent.miller@svn.com", "ListOfficePostalCode":"21801", "ListOfficeStateOrProvince":"MD", "ListPriceCurrencyType":"USD", "ListingTitle":"Twin/Semi-detached, Traditional - FRUITLAND, MD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/227229-N-Brown-St_Fruitland_MD_21826_M96715-18219?f=listhub&s=TRENDPA&m=MDWC2015080&c=rexren", "MLSModificationTimestamp":"2024-09-12T16:28:32Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4840, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:47:46 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Andrew Ball, SVN/Miller Commercial Real Estate, andy.ball@svn.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.