For Sale
$1,000,000

211-217 Brown St Fruitland, MD 21826

Fruitland, MD Multifamily Investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity in Fruitland, Maryland, this portfolio comprises four apartment units totaling 4,434 square feet, situated on a 0.557-acre lot. Built in 2010 and zoned R-3, the property boasts 100% occupancy, generating a substantial net operating income (NOI) of $71,522.76, representing a 7.15% capitalization rate. Each unit is priced at $250,000, with an overall asking price of $1,000,000. The property features easy-to-lease floor plans, including three primary suites, each with a private bath. The low turnover rate and minimal maintenance requirements, thanks to tenant-maintained interiors and HOA-provided lawn care, contribute to a strong and consistent rental income stream. This turnkey investment is ideally located in Wicomico County, just south of Salisbury, MD, offering a compelling opportunity for investors seeking a stable and profitable multifamily asset in a desirable location. The property address is 211-217 North Brown, Fruitland, MD 21826.

Highlights

  • Four-unit building totaling 4,434 square feet.
  • Excellent occupancy history with low tenant turnover.
  • Highly-leaseable floor plans featuring three primary suites, each with a private bath.
  • Minimal maintenance required; tenants responsible for interior upkeep; HOA handles landscaping.

Property Details for 211-217 Brown St

Property type
Apartment buildings
Square Feet
4,434 SF
Year Built
2010
Lot Size (sq. ft)
24,263 SF
Units
4

Location Insight

City
Fruitland
County
Wicomico
State
Maryland
Latitude
38.3170882
Longitude
-75.6112817

FAQs

What type of property is this?
Apartment building - Fruitland, MD Multifamily Investment
Where is the apartment building located?
The property is located at 211-217 Brown St Fruitland, MD.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four-unit building totaling 4,434 square feet.; Excellent occupancy history with low tenant turnover.; Highly-leaseable floor plans featuring three primary suites, each with a private bath.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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211-217 Brown St
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