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Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,866 sqft
Price per Sqft $82
MLS Listing ID MDFR252890
Sold Date 01/30/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $4,523
Tax Year 2018
Lot Size 1,620 Sqft
Acres 0.04
Property Description
A FANTASTIC investment opportunity! This sale includes (1) commercial space, (2) 1 bedroom apartments, (2) 2 bedroom apartments, (2) coin operated laundry machine sets, and a Verizon cell tower. All of these bring in plenty of income to the property! The commercial space makes up the bottom level while the apartments are on the upper two levels. All leases (except the commercial space and cell tower) are currently on a month to month to allow the new owner to change them to their desired terms. Most tenants are long term and usually stay more than one year! The property was completely re-wired and certified lead free in 2006, and the hallways were recently repainted. The commercial space is currently used by an orthodontist, but has the versatility for many types of business! A turnkey investment opportunity in the Town of Thurmont!
Location
State MD
County Frederick
Zoning TB
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1115330414
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Taylor Huffman • Long & Foster Real Estate, Inc.