$798,000
$400,000
99.5%For more information regarding the value of a property, please contact us for a free consultation.
604 W MAIN ST Emmitsburg, MD 21727
0.89 Acres Lot
Key Details
Sold Price $798,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDFR246472
Sold Date 08/12/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1972
Annual Tax Amount $13,128
Tax Year 2018
Lot Size 0.890 Acres
Acres 0.89
Property Description
Online Auction Only! Bidding begins Thursday, June 6th & ends Tuesday, June 11th at 1:00pm. 16 Unit Garden Apartment Complex in "Emmitsburg" 604 W. Main St. & 1 Welty Ave., Emmitsburg, MD 21727.Located in the town of Emmitsburg, the well maintained apartment complex comprises of a 12 unit garden style building and a 4 unit converted historic home on a 0.9 +/- acre lot. The site also contains ample parking.The 12 unit building has identical floor plans across all units. The units have an eat in kitchen, living room, 2 bedrooms and a full bathroom. Each unit has its own self contained HVAC system and hot water heater. All appliances and the HVAC are electric. Each unit has its own electric meter. Coin operated laundry machines are located in the lower level for the tenants.The 4 unit building consists of three 1 bedroom units and one 3 bedroom unit. The units are heated by a gas hot water boiler with radiators. The hot water for the units is also provided by the gas powered boiler. Recent capital improvements includes new roofs and repainting of the exterior of the 4 unit building. Currently 13 of the 16 units are leased:Gross Scheduled Monthly Rent: $10,020Gross Scheduled Annual Rent: $120,240With all 16 units leased:Gross Potential Monthly Rent: $11,670*Gross Potential Annual Rent: $140,040** = Based on Full Occupancy (using current lease rents for occupied units plus market rent for the 3 vacant units)
Location
State MD
County Frederick
Zoning R3
Interior
Hot Water Other
Heating Other
Cooling Central A/C
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 1105176093
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction
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Bought with Matthew S Cooper • Alex Cooper Auctioneers, Inc.
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