$195,000
$199,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
4,533 SqFt
SOLD DATE : 03/04/2024
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,533 sqft
Price per Sqft $43
MLS Listing ID MDAL2007408
Sold Date 03/04/24
Style Other
Abv Grd Liv Area 4,533
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $2,032
Tax Year 2023
Lot Size 4,000 Sqft
Acres 0.09
Property Description
Attention Investors! INCOME PRODUCING PROPERTY! Here is a great investment opportunity to add to your portfolio! This spacious triplex is fully rented and gross annual income is $31,500! Tenants pay their own electric. Owner pays the water. Property is registered and in compliance with both the city and state. Lead inspected and lead certs provided!
Here's a breakdown of the property: Unit #1: 3 bedrooms/1 full bath, Unit #2: 4 bedrooms/1 full bath,
Unit #3: 5 bedrooms/1 full bath. The 3rd floor apartment offers awe-inspiring city views!
The property features a large front porch and a second-floor porch, although the latter is currently closed off. These spaces provide additional appeal to potential tenants.
Recent upgrades include the installation of 66 new windows throughout the triplex, enhancing energy efficiency and aesthetics. Each unit has its own tankless hot water heater, contributing to tenant comfort and convenience. The electrical system has also been updated to meet modern standards.
This property is conveniently located close to shopping centers, Interstate 68 (I-68), restaurants, and medical facilities. It offers both on-street parking and rear parking for one car, adding to tenant convenience. The interior of the property boasts impressive woodwork and spacious room sizes, making it stand out among other rental properties in the area. Stoves and refrigerators are included in each unit, making it easier for tenants to move in and get settled.
This triplex represents an excellent investment opportunity with its fully rented units, recent upgrades, and prime location. NO SHOWINGS UNTIL UNDER CONTRACT AND/OR PENDING A HOME INSPECTION.
Don't miss out on this opportunity! Seller will entertain a package deal with the following properties:
ALMD2007678, ALMD2006876, ALMD2006828, MDAL2006544, MDAL2006636 (ALL ARE RENTED)
Location
State MD
County Allegany
Area S Cumberland - Allegany County (Mdal2)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Radiator
Cooling Ceiling Fan(s)
Flooring Carpet, Marble, Tile/Brick, Vinyl, Wood
Fireplaces Number 1
Equipment Refrigerator, Stove
Fireplace Y
Appliance Refrigerator, Stove
Heat Source Electric
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
View City, Mountain, Street
Roof Type Composite
Accessibility None
Parking Type Driveway, On Street
Total Parking Spaces 1
Garage N
Building
Foundation Block, Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls,Paneled Walls
New Construction N
Schools
School District Allegany County Public Schools
Others
Tax ID 0104011252
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with John Van Daley • Real Broker, LLC - McLean
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "