211-225 NORTH BROWN ST Pending Save Request In-Person Tour Request Virtual Tour
Fruitland,MD 21826
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,754 sqft
Price per Sqft $228
Subdivision Cedar Commons
MLS Listing ID MDWC2014416
Originating Board BRIGHT
Year Built 2010
Annual Tax Amount $19,955
Tax Year 2023
Lot Size 1.030 Acres
Acres 1.03
Property Description
Exceptional investment opportunity in Fruitland, MD just south of Salisbury, MD. Built in 2010, offering 8 units with 100% occupancy, presenting a turnkey investment for the discerning Multifamily / Single Family Rental Portfolio investor. With a prime location in the MD Eastern Shore area and zoned R-3, this property promises a strong and consistent rental income. Don't miss the chance to own a well-maintained, income-generating asset in a desirable location.
- 8 units totaling 8,754 SF
-Strong occupancy history and low turnover
-Easy to lease floor plans with 3 primary suites all with private baths
-Repairs and maintenance are insignificant as leases require tenants to maintain the property. HOA provides lawncare
- 100% occupancy with NOI of $144,322.66. Request P & L and Leases from listing agent
- Prime MD Eastern Shore location constructed in 2010, zoned R-3
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R-3
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 24.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Total Parking Spaces 24
Garage N
Building
Sewer Public Hook/Up Avail
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard