Exceptional value-add opportunity! This 3-unit multifamily property is ready for a full renovation and offers tremendous upside for investors, builders, or developers looking to create significant equity and cash flow. The property sits on a generously sized lot and includes multiple structures with ample parking and outdoor space. With the right vision and renovation plan, this property has the potential to become a strong income-producing asset. Existing layout offers flexibility for future unit configurations, rental strategies, or long-term portfolio expansion. Property is being sold strictly as-is, and seller will make no repairs.
Edgewood is located in Maryland. Edgewood, Maryland has a population of 25,004. Edgewood is less family-centric than the surrounding county with 28.74% of the households containing married families with children. The county average for households married with children is 32.73%.
The median household income in Edgewood, Maryland is $71,755. The median household income for the surrounding county is $98,495 compared to the national median of $69,021. The median age of people living in Edgewood is 35 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 24.7 degrees. The average rainfall is approximately 46.5 inches per year, with 17.9 inches of snow per year.
