Rich Ropp Group
301-748-1757

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Our real estate company has kept pace, adapting to rapid growth and a changing economy while maintaining exacting standards and integrity. Please explore the resources within this website, and contact us with any questions or comments.

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Featured Property
Properties I've Sold (53) 
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
MDFR264488
Type:
Triplex
Lot size:
0.06 Acres
Year built:
1860
Courtesy: Real Estate Teams, LLC
Last Updated: 6/6/2020 2:29 PM

3 Unit brick building all on one deed. Great investment opportunity. Rent out all three or live in one and rent the other two! Each unit has 1 bedroom, 1 bath, separate living and dining rooms, and den/office. Rubber roof is only 5 years old. Units separately metered (water and electric). Tenants pay all utilities. Landlord pays real estate taxes and insurance. When fully leased, rental income is $3,075/ month or $36,900/ year. Annual expenses are roughly $6,400/ year (including avg. budget of $1.200 for repairs). NOI = $30,500. Cap Rate = 8.2%. All numbers based on self management. Lead Certs available for all units. Units 110 and 112 can be viewed in person without 24 hour notice. Due to COVID precautionary measures, unit 108 will only be available for virtual tours. Please do not disturb tenant in unit 108. Property was fully leased until very recent when owners decided to renovate units 110 and 112. Property being sold AS-IS.