304 Glen Avenue ExtSalisbury, MD 21804

This exceptional 52-unit multifamily investment opportunity is located at 304 Glen Avenue in Salisbury, Maryland. The property encompasses a substantial 4.54 acres and features a total of 43,909 square feet of living space. The complex boasts a desirable brick exterior and benefits from a stable rent roll, presenting a strong foundation for immediate income generation. A significant advantage is the recent remodeling of 18 apartments, enhancing the property's appeal and potential rental income. The current market rents are below current market rates, providing a clear path for future revenue growth and increased profitability. The property's location offers convenient access to Salisbury's amenities and infrastructure. Further enhancing its value, the property is served by city water and sewer, yet is exempt from city taxes. Modernization efforts extend to the infrastructure, with fiber internet connectivity throughout the complex. Several flat roofs have undergone recent replacement within the past two years, minimizing maintenance concerns and ensuring long-term structural integrity. The ample land provides significant potential for future expansion, allowing for increased unit count or the addition of desirable amenities. This presents a rare opportunity to acquire a well-maintained, high-performing multifamily property with substantial upside potential in a thriving market. The asking price for this exceptional investment is $7,000,000.