154 All Saints Thru 156 Street
Frederick,
MD
21701
Property Details
| List Price: |
$625,000 |
| Beds: |
4 |
| Baths: |
4 |
| Status: |
Pending |
SqFt: |
2544 |
| Agency: |
RE/MAX Realty Group |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
Residential |
| Year Built: |
1927 |
| Notes: |
This property boasts a fully leased, updated, and renovated 4-unit apartment building, offering the potential to occupy one unit while generating income from the others. Each apartment is individually metered in this all-electric property, with tenants responsible for all utilities except water/sewer. The building comprises two one-bedroom apartments on each floor, each featuring shaded front and rear porches. The basement is dry and unfinished, providing internal access and housing four hot water heaters. There are window A/C units for each apartment. Current lead certificates and executed leases are on file for each unit. Constructed with low-maintenance block materials. Each unit can obtain one free parking permit to park in the street in front of the building. A narrow 'Pony Way' or alley on the east side provides access to the rear garden. Conveniently located near the MARC Rail Station, Carroll Creek Promenade, restaurants, galleries, and shopping, the property is meticulously maintained and managed by the current owner.<br />
The property generates $59,500 in total annual income in 2023 and $62,400 in 2024, with expenses, including taxes, insurance, water/sewer, lead inspection (only required upon change of tenants), and normal maintenance totaling approximately $ 12,400 annually, resulting in a net operating income of $50,000. With fewer than 5 units, financing does not necessitate a burdensome commercial loan. This property is also listed under Multi-Family - MLS# MDFR2046172 |
| MlsNumber: |
MDFR2046786 |
Estimate Your Monthly Payment
| Listing Provided By: |
RE/MAX Realty Group, original listing |
| Name: |
RE/MAX Realty Group |
| Phone: |
(301) 258-7757 |
| Office Name: |
RE/MAX Realty Group |
| Office Phone: |
(301) 921-4500 |
| Agent Name: |
Mandy Rehm |
| 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. |
