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 and 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 and 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. For more details: https://realtyww.info/homes_fruitland-d137165/for-sale_i75926096
Extra Information for 227/229 N Brown St Fruitland, MD
- Seller Type:
- Category: Single-Family Houses
- Square Feet: 2274
- Conditions: Resale
- Listed Date: Sep 14, 2024
