211-217 Brown StFruitland, MD 21826

Property Details for 211-217 Brown St

Year built

2010

Lot size

0.56 AC

Property size (Sq ft)

4,434 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Fruitland

County

Wicomico

State

Maryland

Latitude

38.3171

Longitude

-75.6113

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