Multifamily Investment Property

227/229 North Brown Street, Fruitland, MD 21826

  • For Sale $455,000
  • Property Type Multi-Family
  • Property Size 2,274 SF
  • Units 2
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Year Built 2009
  • Year Renovated 2022
  • Date Updated Dec 11, 2024
From Business US-13 Turn Left onto Cedar Crossing/E Cedar Lane. At the traffic Circle continue to stay on E Cedar Lane & turn right onto N Brown Street. Duplex is on the left.Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and current market rent is $75-$100 higher per bedroom.
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Attachments

Highlights

  • - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year.
  • -Rental Income of $48,956 and NOI of $28,212.87
  • -Proforma NOI at market rent is $35,412.87 or 7.8% cap rate
  • - Both units are in great condition with no deferred maintenance.
  • -Tenants are responsible for all utilities & water/sewer.
  • -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.
  • -Buyers can tour the interior of the units with an agreed upon LOI.

Contacts

broker
Andrew Ball

SVN | Miller Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Fruitland, MD
  • Neighborhood Fruitland
  • Zip Code 21826

Points of Interest

  • Exxon

    0.81 miles

  • Royal Farms

    0.86 miles

  • Sunoco

    1.68 miles

  • Valero

    2.51 miles

  • Shell

    2.57 miles

  • WAWA

    2.85 miles

  • Delmarva Power

    3.27 miles

  • Tesla Supercharger

    6.31 miles

  • Power St. Parking Lot N

    1.67 miles

  • Dogwood Parking Lot J

    1.71 miles

  • Dogwood Parking Lot D

    1.73 miles

  • Foundation Center Parking Lot

    1.76 miles

  • US Rt. 13 Parking Lot L

    1.80 miles

  • Parking Garage

    1.86 miles

  • University Analysis Reporting & Assessment Parking

    1.86 miles

  • Maggs Parking Lot

    1.87 miles

  • Camden Parking Lot E

    1.88 miles

  • Bateman Parking Lot K

    1.93 miles

  • Hampton Inn & Suites Salisbury/Fruitland

    0.67 miles

  • La Quinta Inn & Suites Salisbury

    3.30 miles

  • Microtel Inn & Suites by Wyndham Salisbury

    4.98 miles

  • Sleep Inn Salisbury

    5.12 miles

  • Country Inn & Suites

    5.15 miles

  • Residence Inn by Marriott Salisbury

    6.18 miles

  • Days Inn

    6.67 miles

  • Hampton Inn Salisbury

    6.85 miles

  • Motel 6

    6.92 miles

  • Americas Best Value Inn

    6.99 miles

  • Quinn's Cafe

    0.41 miles

  • Texas Roadhouse

    0.65 miles

  • Adam’s Taphouse Grill

    0.66 miles

  • Denny's

    0.70 miles

  • Lucky Star

    0.72 miles

  • McDonald's

    0.88 miles

  • Ruby Tuesday

    0.92 miles

  • Koto's steak house

    0.98 miles

  • Hunan Palace

    0.99 miles

  • Plaza Tapatia

    1.44 miles

  • Fruitland Primary School

    0.13 miles

  • Fruitland Intermediate School

    0.85 miles

  • Stepping Stones Learning Academy

    1.02 miles

  • Asbury Child Development Center

    1.69 miles

  • Salisbury University East Campus

    1.74 miles

  • Salisbury University

    2.05 miles

  • Pinehurst School

    2.32 miles

  • Prince Street School

    2.84 miles

  • Parkside High School

    2.96 miles

  • Saint Francis De Sales School

    3.03 miles

Frequently Asked Questions

How much does Multifamily Investment Property cost?

The space currently listed for sale at Multifamily Investment Property asks for $455,000.

What is the total square footage of Multifamily Investment Property?

Multifamily Investment Property totals 2,274 square feet.

When was this property built?

Multifamily Investment Property was built in 2009.

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Contact Listing Broker
broker
Andrew Ball

SVN | Miller Commercial Real Estate