227/229 NORTH BROWN STREET, FRUITLAND, MD 21826
8|Townhouse
THB ฿15,538,711
USD $455,000
Published on: 13 Sep 2024
Last updated on: 09 Nov 2024
Property ID: 110094518052
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Twin/Semi-detached, Traditional - FRUITLAND, MD
227/229 NORTH BROWN STREET, FRUITLAND, MD 21826
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.
Property Details
Basic Info
Basic Info
Property Type
Townhouse
Listing Status
Active
Parking Spaces
8
Land Size
1,092.65 m2
Building Size
211.26 m2
Year Built
2009
Architecture Style
New Traditional
Building Unit Count
2
County
WICOMICO
Provider
SVN/Miller Commercial Real Estate
Subdivision
Cedar Commons
Brokerage Office Name
SVN/Miller Commercial Real Estate
Brokerage Office Phone
(410) 543-2440
Address
227/229 NORTH BROWN STREET, FRUITLAND, MD 21826
Nearby Schools
| Type | School name | District name |
|---|---|---|
| Elementary | Not available | WICOMICO COUNTY PUBLIC SCHOOLS |
| High | Not available | WICOMICO COUNTY PUBLIC SCHOOLS |
| Juniorhigh | Not available | WICOMICO COUNTY PUBLIC SCHOOLS |
| Middle | Not available | WICOMICO COUNTY PUBLIC SCHOOLS |
Contact Agent
Andrew Ball
Contact Agent
Contact Agent
Email enquiry to SVN/Miller Commercial Real Estate
Andrew Ball
206 Main STREET, Salisbury, MD 21801
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Property ID: 110094518052
Data provided by SVN/Miller Commercial Real Estate, MLS #: MDWC2015080
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