401 S Market Street, Frederick, MD 21701

$520,000
3,975
SqFt
Sold Price
$520,000
List Price
$529,900
Closing Date
Mar 29, 2019
Days On Market
16
Status
CLOSED
MLS#
MDFR214598
Living Area
3,975
Lot Size (Acres)
0.09
Style
Colonial
Year Built
1900
County
Frederick
School District
Frederick County Public Schools

Property Description

Four Unit Brick Apt Bldg In Downtown Frederick Historic District Approximately 4000 SQ/FT Grade & Above Fully Leased With Deeded Off Street Parking For Tenants, Gross Monthly Income Is $4270.00 Per Month With A Annual Gross Income Of $51,240.00. Annual Expenses Are Approximately $14,437.00 Which Includes Property Taxes Generating Annual NOI Of $36,803.00 All Units Are Separately Metered For Electric Service And Separate Electric Meter For Common Areas. Owner Pays Quarterly Water/Sewer And Monthly Natural Gas For Hot Water To All The Units. Lead Certificates For All Units On File. The building Conveys With A 1 BR Apt and 3 Two BR Apartments Each With A Kitchen and Full Bath. The Building Is Managed By A Local Management Company. Short Walk To MARC Rail Station, Downtown Galleries, Shopping, Restaurants And Carroll Creek Pavilion.

Additional Information

Subdivision
None Available
Taxes
$6305
Stories
3
School District
Frederick County Public Schools
Elementary School
Lincoln
Middle School
West Frederick
High School
Frederick High
Flooring
Hardwood, Partially Carpeted
View
Street
Heating
Hot Water
Heating Fuel
Electric
Cooling
Window Unit(s)
Roof
Unknown
Utilities
Natural Gas Available, Electric Available
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Listing courtesy of Real Estate Teams, LLC. Selling Office: .