227/229 North Brown Street
Fruitland, MD 21826
- – beds
- – baths
- 2,274 sqft
- 11,761 sqft lot
- $200 per sqft
- 2009 build
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.
Listing courtesy of BRIGHT / SVN/Miller Commercial Real Estate
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# MDWC2015080 —
The Building
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Year Built:2009
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Combination
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional
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Historic:No
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Building Units Total:2
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Roof:Asphalt
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Accessibility Features:2+ Access Exits
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Foundation Details:Crawl Space
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Total SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2274
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Living Area SqFt:2,274 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:0-30 Days CD
Location
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Directions:From Business US-13 Turn Left onto Cedar Crossing/E Cedar Lane. At the traffic Circle continue to stay on E Cedar Lane & turn right onto N Brown Street. Duplex is on the left.
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Latitude:38.31760207
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Longitude:-75.61023099
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.27
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Lot Size Source:Estimated
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Lot SqFt:11,761 Sqft
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Zoning:R-3
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In City Limits:Yes
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 422-3672
- Office phone:
- (410) 543-2440
Taxes
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Tax ID Number:NO TAX RECORD
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Tax Year:2024
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Tax Annual Amount:$4,840
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Tax Assessed Value:$268,200
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Year Assessed:2024
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County Tax:2288.00
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City/Town Tax:2262.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Heat Pump(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Heat Pump(s)
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Wicomico County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Cedar Commons
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Pool:No Pool
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Municipal Trash:Yes
Parking
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Total Garage and Parking Spaces:8
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Garage:No
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Type of Parking:Off Street, Driveway
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Off Street - # of Spaces:8
Extra Units
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Vacation Rental:No
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/12/24
Sep 12, 2024
|
Listed / Active | BRIGHT | $455,000 |