$455,000
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227/229 North Brown Street Fruitland, MD 21826
Twin Home
Residence
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Property Activity
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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.
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MLS#
MDWC2015080
Property Type
Twin Home
Year Built
2009
Price per Sq. Ft.
$200.09
Lot Size
0.27
Sewer
Public Sewer
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