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$455,000
101 Days On Site

227/229 North Brown Street
Fruitland, MD 21826

For Sale|Duplex|Active
6
Beds
0
Full Baths
0
Partial Baths
2,274
SqFt
$200
/SqFt
2009
Built
Subdivision:
CEDAR COMMONS
County:
WICOMICO
Listing courtesy of SVN/Miller Commercial Real Estate
227/229 North Brown Street227/229 North Brown Street227/229 North Brown Street227/229 North Brown Street
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Investment Opportunity in a Strong Rental Market. No changes in asking rent for the last 3 years and current market rent is $75-$100 higher per bedroom. - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year. -Rental Income of $48,956 and NOI of $28,212.87 -Proforma NOI at market rent is $35,412.87 or 7.8% cap rate - Both units are in great condition with no deferred maintenance. -Tenants are responsible for all utilities & water/sewer. -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. -Buyers can tour the interior of the units with an agreed upon LOI.

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Listing Snapshot
Price 
$455,000
Days On Site 
101 Days
Bedrooms 
6
Inside Area (SqFt) 
2,274 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.27 Acres
Year Built 
2009
MLS® Number 
MDWC2015080
Status 
Active
Property Tax 
$4,840
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
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What's This?
Private
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.27
Parking 
Off Street
Parking Spaces 
8
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Total 
2274
Style 
Traditional
Water Source 
Public
Interior Features
Appliances 
Electric Water Heater
Basement 
Crawl Space
Heating 
Heat PumpElectric
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Exterior Features
Roof 
Asphalt
Community Features
MLS Area 
Wicomico Southeast (23-04)
School District 
WICOMICO COUNTY PUBLIC SCHOOLS
Schools
School District
WICOMICO COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of SVN/Miller Commercial Real Estate



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
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