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126 N 2ND Street

OAKLAND, MD 21550
  • $400,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: MDGA2006026
Price Reduced
UPDATED: 40 min ago
$400,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Information

Description

Check out this one of a kind property! Located on 2nd street, lined with cobble stone walkways and mature Oak trees, in the historic and beautiful town of Oakland Maryland. This meticulously maintained and cared for Colonial style zoned apartment building has over 7,000 sq feet of usable space, beautiful stained glass windows in the main foyer/staircase, and is also one of the only properties in Oakland with grandfathered use to operate as an AirBNB/short term rental. Truly an amazing opportunity for a seasoned or first time property investor, this building provides an instant and impressive cash flow opportunity for it's new owner. Current owner found highest and best income in cycling between long term, Airbnb, and short term work related rentals. The main building is comprised of 5 apartments (two 2 bedroom one bath, two 1 bedroom 1 bath, one studio apartment, and one bonus efficiency/owners/AirBNB apartment.) Each unit has been recently remodeled, updated, and thoughtfully and tastefully decorated. The full size basement contains two coin operated Washer and Dryer units, and has extra space allowing for storage for tenants or owner. The exterior has a separate detached garage for storage, and a large area in the back that could be used as a recreation/BBQ area. The utilities have all had recent upgrades as well. Electric was upgraded and improved to allow separate metered service to each unit, the HVAC was upgraded to allow ductless A/C and heat to units as well as individual metered public gas service. Each Tenant pays for their own utilities except water and sewer bills. Roof was replaced in 2022, new deck installed in 2023, New windows installed in basement. Call today for more information!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T16:51:12.203.
www.locomusings.com/homes/147364313
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126 N 2ND Street OAKLAND, MD 21550

  • Price: $400,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 40 min ago
  • ID#: MDGA2006026
0
Beds
0
Baths
0
½ Baths
0.68
Acres
1910
Built
Neighborhood:
Oakland
County:
Garrett
High School:
Southern Garrett High
School District:
Garrett County Public Schools
Property Description
Check out this one of a kind property! Located on 2nd street, lined with cobble stone walkways and mature Oak trees, in the historic and beautiful town of Oakland Maryland. This meticulously maintained and cared for Colonial style zoned apartment building has over 7,000 sq feet of usable space, beautiful stained glass windows in the main foyer/staircase, and is also one of the only properties in Oakland with grandfathered use to operate as an AirBNB/short term rental. Truly an amazing opportunity for a seasoned or first time property investor, this building provides an instant and impressive cash flow opportunity for it's new owner. Current owner found highest and best income in cycling between long term, Airbnb, and short term work related rentals. The main building is comprised of 5 apartments (two 2 bedroom one bath, two 1 bedroom 1 bath, one studio apartment, and one bonus efficiency/owners/AirBNB apartment.) Each unit has been recently remodeled, updated, and thoughtfully and tastefully decorated. The full size basement contains two coin operated Washer and Dryer units, and has extra space allowing for storage for tenants or owner. The exterior has a separate detached garage for storage, and a large area in the back that could be used as a recreation/BBQ area. The utilities have all had recent upgrades as well. Electric was upgraded and improved to allow separate metered service to each unit, the HVAC was upgraded to allow ductless A/C and heat to units as well as individual metered public gas service. Each Tenant pays for their own utilities except water and sewer bills. Roof was replaced in 2022, new deck installed in 2023, New windows installed in basement. Call today for more information!
Exterior Features

Construction Materials Brick Garage YN No Parking Types On StreetDriveway Property Condition Very Good Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7004.00 Cooling Ductless/Mini-Split Flooring CarpetCeramic TileLuxury Vinyl PlankWood Heating Hot Water Heating YN Yes Net Square Feet 5332.00

Property Features

Acceptable Financing CashBank PortfolioConventionalSeller Financing Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Foundation Details BlockStone Heating Fuel Natural Gas Historic YN Yes Hot Water Instant Hot WaterNatural Gas Internet Services Cable Municipality Oakland Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 802656370100 Owner Pays SewerWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4740.00 Tax Assessment Amount 289000.00 Total Actual Rent 70000.00 Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of Taylor Made Deep Creek Vacations & Sales: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T16:51:12.203.
 
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