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.
Other, Electric Water Heater, Public Water Service
Frederick County Public Schools
Detailed Room Information
- Dining Area
- Electric Range/Cooktop, Refrigerator
- Ceramic Tile, Vinyl, Laminate, Carpet
- Window Air Conditioning, Electric, Ceiling Fan(s)
- Electric Heating.
Exterior / Lot Features
- Brick, Stone
- Additional Exterior/Lot Features
- Sidewalks. Asphalt.
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