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 Sep 9, 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

  • Valero

    2.51 miles

  • Shell

    2.57 miles

  • Sunoco

    2.62 miles

  • Shell

    3.37 miles

  • Exxon

    3.63 miles

  • Oceanic

    4.37 miles

  • Pure

    4.93 miles

  • Exxon

    6.30 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 by Wyndham 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

    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

  • 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

  • Jersey Mike's Subs

    1.60 miles

  • Fruitland Primary School

    0.12 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

    2.35 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.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Andrew Ball

SVN | Miller Commercial Real Estate