Description
TRIPLEX! Income producing opportunity! Don't miss your chance to own this three-unit apartment building offering established rental income and excellent potential for additional revenue! Zoned commercial with multiple residential use, this property features newer windows throughout, separate electric panels for each apartment, and plenty of parking in the adjoining parking lot!The first-floor apartment offers 3 bedrooms, 2 full baths, and an additional storage area, with monthly rent of $1,400. The vacant second-floor apartment features 2 bedrooms, 1 full bath, fresh paint, and recently cleaned carpeting, offering an opportunity to secure a new tenant. Previous monthly rent was $1,350.The third-floor apartment offers 1 bedroom, with monthly rent of $1,150. Two units are currently occupied by long-term tenants, providing an established rental income stream. Tenants pay all utilities, and existing leases transfer with the property. Conveniently located near restaurants, shopping, schools, medical facilities, and everyday amenities, this property offers a desirable combination of flexibility and income potential! Whether you're a seasoned investor looking to expand your portfolio or just getting started in real estate investing, this property deserves your attention! Schedule your tour and explore the possibilities!
Details
| MLS # | MDCC2023460 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 31 |
| Listing Provided By | RE/MAX Chesapeake | Sheila Tweed |
Features
| SQ Feet | 2,974 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | C1 |
| Acreage | 0.17 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Interior Features | Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In |
| Appliances | Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater |
Exterior
| Exterior Features | Gutter System, Sidewalks |
|---|---|
| Roof | Shingle |
| Construction Materials | Block, Shingle Siding |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lighted Parking, Unassigned |
Taxes
| Tax Annual Amount | 4428 |
|---|
Area Information
| State | MD |
|---|---|
| County | CECIL MD |
| City | ELKTON |
| Zip Code | 21921 |
| Area | CECIL MD |
| School District | CECIL COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21921) | |
Price: $299,900 low | high Med: $362,450 sqft: 2,974 low | high Med: 1,802 $ / sqft: $101 low | high Med: $219 On site: 31 low | high Med: 29.5 | |
Market Activity 21921
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Learn More About This Property
| State | MD |
|---|---|
| County | CECIL MD |
| City | ELKTON |
| Zip Code | 21921 |
| Area | CECIL MD |
| School District | CECIL COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21921) | |
Price: $299,900 low | high Med: $362,450 sqft: 2,974 low | high Med: 1,802 $ / sqft: $101 low | high Med: $219 On site: 31 low | high Med: 29.5 | |
 | $262,500242 W Main StElkton, MD 21921 |