Investor Opportunity in Downtown Frederick ,Three-unit multifamily property with a large rear garage, located in a rapidly developing area of Frederick City near Baker Park and Culler Lake. Zoned DB (Downtown Business), offering potential for a variety of residential and commercial uses. The property features: Street-facing efficiency unit that could potentially be used as a commercial office, Lower-level rear unit with 1 bedroom and 1 bathroom, Second-level unit with 2 bedrooms and 1 bathroom, Large 2+ car garage with storage room, Additional off-street parking,Many updates completed over the years, with additional TLC needed. All long-term tenants have vacated, and the property is currently vacant and being sold strictly "As-Is." An opportunity to renovate, reposition, and maximize the potential of a multifamily property in a desirable and evolving Frederick City location.
All Brick Multi Unit Property. Perfect for Investors or Live in one unit and rent the other. Can easily be converted back to single family home. Main level features 2 bedrooms with new carpeting, one renovated full bath, kitchen area and main living area with hardwood floors. Upper level with one bedroom, kitchen, living room and one full bath. Main level is currently vacant, but did rent for $1500. Upper level is currently rented month to month for $1300 and tenant would love to stay. Desired location next to Fort Detrick, close to downtown Frederick and the Wegmans Shopping area. New roof and converted to all electric. Units are metered separately. Property is situated on almost ¼ acre lot. Exterior includes pleasant rear yard, large deck for relaxing or entertaining and spacious covered front porch. Lots of off street parking in the rear. Each unit has a private entrance. Main level unit can be can be accessed through front door or rear door off deck. Upper level unit is accessed from side door, then up the private stairs. Basement can be accessed from main level unit or exterior door. Priced to sell. Don’t miss this opportunity. Prior day notice is required to show so upper level tenant can be notified.
Frederick is located in Maryland. Frederick, Maryland has a population of 76,376. Frederick is less family-centric than the surrounding county with 34.68% of the households containing married families with children. The county average for households married with children is 35.88%.
The median household income in Frederick, Maryland is $82,563. The median household income for the surrounding county is $106,129 compared to the national median of $69,021. The median age of people living in Frederick is 36.9 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 23.3 degrees. The average rainfall is approximately 42.5 inches per year, with 23.1 inches of snow per year.
