$110,000
$110,000
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2 Beds
1 Bath
856 SqFt
SOLD DATE : 05/25/2024
Key Details
Sold Price $110,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 856 sqft
Price per Sqft $128
Subdivision None Available
MLS Listing ID MDWC2012484
Sold Date 05/25/24
Style Contemporary
Bedrooms 2
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 856
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,081
Tax Year 2023
Lot Size 5,002 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Description
**Property is part of a larger portfolio and will not be sold individually. Asking price for entire portfolio is $2,979,200** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.
Location
State MD
County Wicomico
Area Wicomico Southwest (23-03)
Zoning R5A
Rooms
Main Level Bedrooms 2
Interior
Interior Features Entry Level Bedroom, Entry Level Bedroom
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment Oven/Range - Electric
Fireplace N
Window Features Storm
Appliance Oven/Range - Electric
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Water Access N
Roof Type Asphalt
Accessibility None
Porch Porch(es)
Road Frontage Public
Garage N
Building
Lot Description Cleared
Story 1
Foundation Block, Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools James M. Bennett
School District Wicomico County Public Schools
Others
Senior Community No
Tax ID 2313027102
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Aubrey Campbell • Keller Williams Realty Delmarva