124 Main Street W

Elkton, MD 21921
  • $625,000
  • STATUS: Active
  • ON SITE: 275 days
  • ID#: CC9771872
UPDATED: 190 min ago
$625,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

This property is a mixed use investment property with (2) commercial units and (6) residential units. Excellent cash flow, selling at an 11% cap rate. Downtown central business district close to the hospital, courthouses, and post office. Commercial tenants are a pizza shop and Cecil County Tourism office.



The data relating to real estate for sale on this web site comes from MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than LoCoMusings are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated 2017-06-25T00:23:01.737.

LoCoMusings: 571-233-5495
www.locomusings.com/homes/66752775

124 Main Street W Elkton, MD 21921

  • Price: $625,000
  • Status: Active
  • Updated: 190 min ago
  • ID#: CC9771872
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1900
Built
Neighborhood:
N/A
County:
Cecil
Area:
Cecil
Property Description
This property is a mixed use investment property with (2) commercial units and (6) residential units. Excellent cash flow, selling at an 11% cap rate. Downtown central business district close to the hospital, courthouses, and post office. Commercial tenants are a pizza shop and Cecil County Tourism office.
Exterior Features

Exterior Brick Parking Other Waterfront No

Interior Features

Basement Yes Basement Entrance Outside Entrance Basement Type Unfinished Cooling Central Air Conditioning Cooling Fuel Natural Gas Handicap None Heating Radiator Heating Fuel Natural Gas Hot Water Natural Gas Tax Total Living Area 3588

Property Features

Assessment Year 2016 Auction No City Town Tax 1315.26 City Town Tax Payment Freq Annually County Tax 2478.24 County Tax Payment Freq Annually Disclosures Under LeaseFlood ZoneLead Inspection Certificate Available Efficiency Units 1 Efficiency1 Avg Rent 725.0 Election District 3 Expenses 30213.0 For Sale Yes Foreclosure No Gross Income 101000.0 HOA No Improvement Assessment Amount 167300.0 Improvement Assessment Payment Freq Annually Incorporated City 10000061818 Information Source Owner Provided Land Assessment Amount 57300.0 Land Assessment Payment Freq Annually Listing Transaction Type Standard Locale Listing Status Active Monthly Gross Rent 8425.0 Multifamily Type Over Storefront New Construction No One Bedroom Avg Rent 800.0 One Bedroom Units 4 Owner Pays Property InsuranceProperty ManagementRepairs And MaintenanceReserves For ReplacementTaxes-Real EstateUtilitiesAdvertising/Licenses And Permits Ownership Fee Simple Possession Settlement Property Net Operating Income 70887.0 Sewer Septic Public Sewer Short Sale No Single Room Units 0 Tax Year 2016 Tenancy 1 Year Lease(S) Three Bedroom Units 2 Three Bedroom1 Avg Rent 1700.0 Total Assessment 224600.0 Total Assessment Payment Freq Annually Total Taxes 3793.49 Total Taxes Payment Freq Annually Two Bedroom Units 1 Two Bedroom1 Avg Rent 975.0 Unit List EfficiencyOne BedroomTwo BedroomThree Bedroom Vacancy Factor 10.0 Vacation Home No Water Public Year Renovated 2014 Zoning Code C1

Listing courtesy of Richard Leipold of Milestone Commercial Realty.


The data relating to real estate for sale on this web site comes from MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than LoCoMusings are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated 2017-06-25T00:23:01.737.

LoCoMusings: 571-233-5495
LoCoMusings
540 Fort Evans Road Suite 303
Leesburg VA, 20176