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133 E Potomac Street

BRUNSWICK, MD 21716
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 69 Days
  • ID#: MDFR2045536
Under Contract
UPDATED: 86 min ago
$450,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,586
    SQFT
  • $125
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

Great Opportunity for the residential investor with an eye on value added opportunity. This 3-unit building is currently being upgraded to improve the safety of the occupants with an egress from the second floor of the upper levels, for each 3 bedroom, 1 bath unit with a new deck landing and stairs to the grade. Another improvement underway will increase the rentable square footage by approximately 200 sf in the 1 bedroom, 1 bath unit located on the grade level, improving the ability to increase the rental income which has been the same since 2016. The 3 BR units also include off-street parking. All units have clothes washer and dryer within the unit. The building was constructed prior to 1978 although, two of three units (the 3 BR 1 B units) have LEAD-FREE CERTIFICATES meaning no further lead testing requirements. The grade level unit is to be lead tested and anticipated to receive the LEAD-FREE CERTIFICATE as well. The month-to-month leases began in 2016 and 2018 and could be increased by the next owner to current market conditions. The one-year lease is also below market considering the renovation of interior that was completed June 2023 just prior to the July 1, 2023, beginning of that one-year lease. Another improvement the Owner is scheduling at this time involves upgrading the water service for the entire building because it was determined to be required by the City of Brunswick when getting a Zoning Certificate for the various improvements being completed at this time.Now for the Potential Value-added aspect, this property fits into a distance from the train station allowing the request for a Transit Oriented Development (TOD) overlay zone. If approved for the TOD overlay zone, then further construction of mixed-use improvements may be possible to include more residential units and some commercial space.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-25T17:56:04.59.
www.greatfallsgreathomes.com/homes/148644888
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133 E Potomac Street BRUNSWICK, MD 21716

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 69 Days
  • Updated: 86 min ago
  • ID#: MDFR2045536
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,586
SQFT
$125
$/SQFT
1900
Built
County:
Frederick
Elementary School:
Brunswick
Middle School:
Brunswick
High School:
Brunswick
School District:
Frederick County Public Schools
Property Description
Great Opportunity for the residential investor with an eye on value added opportunity. This 3-unit building is currently being upgraded to improve the safety of the occupants with an egress from the second floor of the upper levels, for each 3 bedroom, 1 bath unit with a new deck landing and stairs to the grade. Another improvement underway will increase the rentable square footage by approximately 200 sf in the 1 bedroom, 1 bath unit located on the grade level, improving the ability to increase the rental income which has been the same since 2016. The 3 BR units also include off-street parking. All units have clothes washer and dryer within the unit. The building was constructed prior to 1978 although, two of three units (the 3 BR 1 B units) have LEAD-FREE CERTIFICATES meaning no further lead testing requirements. The grade level unit is to be lead tested and anticipated to receive the LEAD-FREE CERTIFICATE as well. The month-to-month leases began in 2016 and 2018 and could be increased by the next owner to current market conditions. The one-year lease is also below market considering the renovation of interior that was completed June 2023 just prior to the July 1, 2023, beginning of that one-year lease. Another improvement the Owner is scheduling at this time involves upgrading the water service for the entire building because it was determined to be required by the City of Brunswick when getting a Zoning Certificate for the various improvements being completed at this time.Now for the Potential Value-added aspect, this property fits into a distance from the train station allowing the request for a Transit Oriented Development (TOD) overlay zone. If approved for the TOD overlay zone, then further construction of mixed-use improvements may be possible to include more residential units and some commercial space.
Exterior Features

Architectural Style TraditionalOther Construction Materials Vinyl Siding Garage YN No Parking Types Off StreetOn Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2844 Basement Connecting StairwayDaylightPartialPartially FinishedOutside EntranceWalkout Level Basement YN Yes Below Grade Finished Area 742 Below Grade Unfinished Area 698 Cooling Central A/CHeat Pump(s) Fireplace YN No Heating Heat Pump(s)Heat Pump - Electric BackUp Heating YN Yes Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 0 Units Furnished None

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street 2ND Avenue Electric 120/240V Existing Lease Type Month to MonthYearly Heating Fuel Electric Historic YN No Hot Water Electric Municipality Brunswick Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 802909172868 Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 3539.33 Tax Lot 12 & 13 Total Actual Rent 42000.00 Transportation Commuter Rail Station less than 1 mileBus Stop less than 1 mile Vacation Rental YN No Water Source Public Zoning B3 Zoning Description See Brunswick Zoning OrdinanceARTICLE 15: B-3 BUSINESS TRANSITIONAL DISTRICT

Listing courtesy of Still Real Estate Sale or Lease LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Great Falls Great Homes | Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-25T17:56:04.59.
 
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