219-225 Brown StFruitland, MD 21826

Property Details for 219-225 Brown St

Year built

2010

Lot size

0.48 AC

Property size (Sq ft)

4,320 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Fruitland

County

Wicomico

State

Maryland

Latitude

38.3173

Longitude

-75.6108

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].