For Sale
$1,000,000

219-225 Brown StFruitland, MD 21826

Four-unit apartment building, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity awaits in Fruitland, Maryland, a thriving community just south of Salisbury. This well-maintained, four-unit apartment building, constructed in 2010, presents a turnkey investment with a compelling 7.12% cap rate and a current NOI of $71,170.40. Boasting 4,320 square feet across four units, each priced at $250,000, the property enjoys 100% occupancy, minimizing vacancy concerns. The building's design features three primary suites, each with a private bath, making them highly desirable rental units. The property's location within Wicomico County, zoned R-3, ensures future flexibility. The low-maintenance aspect is further enhanced by the HOA's provision of lawn care, and tenant responsibilities for property upkeep. This investment offers a strong and consistent rental income stream, situated on a 0.476-acre lot at 219-225 North Brown Street, Fruitland, MD 21826. The property's strong occupancy history and easy-to-lease floor plans contribute to its overall appeal. This is a rare opportunity to acquire a profitable multifamily asset in a desirable location. The asking price is $1,000,000.

Highlights

  • Four-unit apartment building totaling 4,320 square feet.
  • Strong occupancy history with low turnover and 100% occupancy.
  • Easy-to-lease floor plans featuring three primary suites, each with a private bath.
  • Low maintenance; tenants responsible for unit upkeep, HOA handles lawn care.
  • Located in Fruitland, MD on a 0.476-acre lot at 219-225 North Brown Street.

Property Details for 219-225 Brown St

Property type
Apartment buildings
Square Feet
4,320 SF
Year Built
2010
Lot Size (sq. ft)
20,735 SF
Units
4

Location Insight

City
Fruitland
County
Wicomico
State
Maryland
Latitude
38.317316
Longitude
-75.6107651
219-225 Brown St, Fruitland, Maryland

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219-225 Brown St
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