Description
MULTIPLE OFFERS RECEIVED. HIGHEST & BEST OFFERS DUE 6/16/2025 BY 6:00 P.M.Investment Opportunity: 6-Unit Apartment Building with Stable TenancyDiscover a prime investment in this well-maintained 6-unit spacious, 4,800 sq. ft. apartment building, ideally located in Taneytown MD. Currently fully occupied, this property offers a reliable income stream, $5,225 gross monthly income. The unit composition includes three 1-bedroom and three 2-bedroom apartments, accommodating a diverse range of renters.All units are on month-to-month leases, offering flexibility for future adjustments. One unit (Unit 1) is HUD approved, and all units are certified Lead Free. Two of the apartments have been completely remodeledone in 2023 and the other in 2024while the updated lobby adds a welcoming touch for tenants and guests alike. The building sits on a slab foundation and has a newer roof installed in 2022, adding to its low-maintenance appeal. Each unit is equipped with electric baseboard heat, and the landlord has supplied one window A/C to most units. The property is home to long-term tenants, many of whom have been renting for years and would like to stay. This turnkey property presents an excellent opportunity for investors seeking a low-maintenance asset with immediate rental income. Don’t miss out on this chance to expand your portfolio in a thriving rental market. Schedule your viewing today!
Details
| MLS # | MDCR2027850 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1948 |
| Days On Site | 14 |
| Listing Provided By | Cummings & Co. Realtors | Darlene E Kegel |
Features
| SQ Feet | 4,800 |
|---|---|
| Units | 4 |
| Zoning | R-600 |
| Acreage | 0.10 |
| Property View | City, Street |
Interior
| Cooling | Window Unit(s), Ceiling Fan(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Interior Features | Carpet, Ceiling Fan(s), Wood Floors |
| Appliances | Stove, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Roof | Rubber, Flat |
|---|---|
| Construction Materials | Vinyl Siding |
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 6150 |
Market Activity 21787
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Learn More About This Property
| State | MD |
|---|---|
| County | CARROLL MD |
| City | TANEYTOWN |
| Zip Code | 21787 |
| Area | CARROLL MD |
| School District | CARROLL COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21787) | |
Price: $569,900 low | high Med: $379,000 SqFt: 4,800 low | high Med: 1,548 $ / SqFt: $119 low | high Med: $245 On site: 14 low | high Med: 93.000000 | |
