Turnkey investment opportunity in historic Funkstown! This fully occupied three-unit property offers immediate rental income with all three units currently leased. Each unit features one bedroom with its own unique layout, including a traditional one-bedroom unit, a one-bedroom with finished loft space, and a spacious two-level one-bedroom featuring a large kitchen and additional attic storage. Kitchens and baths have been updated, while efficient natural gas heat and separately metered electric help make this an attractive, manageable investment. Outside, the large backyard offers excellent value-add potential with space that could potentially accommodate additional off-street parking or a detached garage. Conveniently located in a quiet Washington County setting with easy access to I-70 and all the charm and amenities historic Funkstown has to offer. A great opportunity to add a fully occupied, income-producing property to your portfolio!
Funkstown is located in Maryland. Funkstown, Maryland has a population of 889. Funkstown is less family-centric than the surrounding county with 8.85% of the households containing married families with children. The county average for households married with children is 27.41%.
The median household income in Funkstown, Maryland is $38,235. The median household income for the surrounding county is $67,349 compared to the national median of $69,021. The median age of people living in Funkstown is 58.3 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 40.8 inches per year, with 20.6 inches of snow per year.
