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5255 Plum Point Road
Huntingtown, MD 20639

  • $2,200,000
  • STATUS: Active
  • ON SITE: 169 days
  • ID#: CA9784752
UPDATED: 88 min ago
$2,200,000
  • 0
    BEDS
  • 7.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Na
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

Property currently has 21 RENTAL BEACH COTTAGES w/6 digit net income. A rare one-of-a-kind real estate opportunity on the Chesapeake Bay with 700 feet of sandy beach. The cottages are grandfathered in and there is an opportunity to rebuild without re-zoning. Marina Nearby.Open Acreage. NOI available on request.Leases start on Jan1. Some units have been rented for generations. 100% occupancy rate.



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 2017-03-28T23:15:00.197.

LoCoMusings: 571-233-5495
www.locomusings.com/homes/67176249

5255 Plum Point Road Huntingtown, MD 20639

  • Price: $2,200,000
  • Status: Active
  • Updated: 88 min ago
  • ID#: CA9784752
0
Beds
0
Baths
0
½ Baths
7.15
Acres
1940
Built
Neighborhood:
Na
County:
Calvert
Area:
Calvert
Property Description
Property currently has 21 RENTAL BEACH COTTAGES w/6 digit net income. A rare one-of-a-kind real estate opportunity on the Chesapeake Bay with 700 feet of sandy beach. The cottages are grandfathered in and there is an opportunity to rebuild without re-zoning. Marina Nearby.Open Acreage. NOI available on request.Leases start on Jan1. Some units have been rented for generations. 100% occupancy rate.
Exterior Features

Blocks To Ocean 0 Body Of Water Chesapeake Bay Body Of Water Type Bay Distance To Body Of Water Less Than 1 Block Dock Features None Dock Slip Conveyance Available By Lease Docks 0 Location Type Bay Mean Low Water 4+ Mean Low Water Feet 5 Navigable Water Yes Non Power Boats Permitted 1 Parking Drvwy/Off Str Physical Dock Slip Conveys No Power Boats Permitted 1 Property Against Water Yes Slips 0 Water Access No Water Frontage 700 Water Use Types Private Access Water View No Water View Accessibility Water Front Waterfront Yes Waterfront Features Sandy Beach

Interior Features

Net Sq Ft 0.0

Property Features

Assessment Year 2016 Auction No City Town Tax 0.0 City Town Tax Payment Freq Annually Comm Industrial Type Other County Tax 13806.46 County Tax Payment Freq Annually Election District 2 Expenses 32100.0 For Sale Yes Foreclosure No Gross Income 155000.0 HOA No Improvement Assessment Amount 364600.0 Improvement Assessment Payment Freq Annually Investment Yes Land Assessment Amount 933000.0 Land Assessment Payment Freq Annually Listing Transaction Type Standard Locale Listing Status Active Monthly Gross Rent 13000.0 New Construction No Ownership Fee Simple Parking Included In List Price Yes Possession Settlement Property Status Existing Refuse Fee 123.0 Rental Net Operating Income 122900.0 Riparian Rights Yes Sewer Septic Other Short Sale No Special Tax Assessment 60.0 Special Tax Assessment Payment Freq Annually Tax Year 2016 Tenancy 1 Year Lease(S) Total Assessment 1297600.0 Total Assessment Payment Freq Annually Total Taxes 13989.46 Total Taxes Payment Freq Annually Vacancy Factor 0.0 Vacation Home No Water Well Zoning Code Rur

Listing courtesy of Dawn Riley of Re/Max One.


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 2017-03-28T23:15:00.197.

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