$1,400,000
$1,450,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
123 W MAIN ST Fruitland, MD 21826
8,800 SqFt
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $159
MLS Listing ID MDWC2012396
Sold Date 05/10/24
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $14,705
Tax Year 2023
Lot Size 0.479 Acres
Acres 0.48
Lot Dimensions 0.00 x 0.00
Property Description
This recently renovated property has been expertly transformed into a lucrative investment opportunity, featuring nine units within a multi-family residence. The extensive refurbishment involved a comprehensive upgrade, including the installation of new electrical wiring, HVAC, and plumbing systems. Each of the 2-bedroom, 2- bathroom units is thoughtfully designed with modern amenities, such as in-unit washer/dryer, stainless steel appliances, granite countertops, and a combination of luxury vinyl tile (LVT) flooring and plush bedroom carpeting. One unit has been strategically retrofitted to comply with ADA standards, broadening its appeal. An attractive feature for potential investors is the dedicated onsite parking for each unit, ensuring convenience for tenants and adding value to the property. With its turnkey status and attention to contemporary living standards, this property presents a compelling investment opportunity for those seeking a reliable and attractive return.
Location
State MD
County Wicomico
Area Wicomico Southwest (23-03)
Zoning R1C
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 25.0
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors, Roll-in Shower, Ramp - Main Level, Roll-under Vanity, Other
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2316006963
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Tonney H Insley IV • SVN |Miller Commercial Real Estate