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230 Lakewood Drive

SALISBURY, MD 21804
  • $475,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • ID#: MDWC2014740
Under Contract
UPDATED: 73 min ago
$475,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,688
    SQFT
  • $177
    $/SQFT
Type:
Multi-Family
Built:
2002
County:

School Ratings & Info

Description

Investment Opportunity in a Strong Rental Market2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath unitsRental Income of $50,780 and NOI of $36,213 which includes professional management.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.Both units are fully rented for 2024/2025 school year.Buyers can tour the interior of the units with an agreed upon LOI.

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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: 2024-09-19T15:55:53.98.
www.greatfallsgreathomes.com/homes/153656797
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230 Lakewood Drive SALISBURY, MD 21804

  • Price: $475,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 73 min ago
  • ID#: MDWC2014740
0
Beds
0
Baths
0
½ Baths
0.34
Acres
2,688
SQFT
$177
$/SQFT
2002
Built
Neighborhood:
Wicomico Southeast (23-04)
County:
Wicomico
Area:
Wicomico Southeast (23-04)
School District:
Wicomico County Public Schools
Property Description
Investment Opportunity in a Strong Rental Market2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath unitsRental Income of $50,780 and NOI of $36,213 which includes professional management.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.Both units are fully rented for 2024/2025 school year.Buyers can tour the interior of the units with an agreed upon LOI.
Exterior Features

Architectural Style Contemporary Construction Materials Combination Garage YN No Location Type Corner Lot/Unit Parking Types Off StreetParking Lot Pool No Pool View Pond Water Access YN Yes Water Body Type Pond Water View YN Yes Waterfront YN Yes

Interior Features

Above Grade Fin SQFT 2688 Cooling Heat Pump(s) Fireplace YN No Heating Heat Pump(s) Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Block Heating Fuel Electric Hot Water 60+ Gallon Tank Net Operating Income 36213.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Original MLSNumber 803273333170 Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 4899.00 Total Actual Rent 50780.00 Vacation Rental YN No Water Source Public Zoning R-5

Listing courtesy of SVN/Miller Commercial Real Estate: .


©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: 2024-09-19T15:55:53.98.
 
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