401 S Market Street

    FREDERICK, MD 21701
    • $529,900
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: MDFR214598
    UPDATED: 40 min ago
    $529,900
    • 0
      BEDS
    • 0.09
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,975
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    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.

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    ©2019 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. 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: 2019-02-22T09:02:35.103.
    www.execuhome.com/homes/91742464

    401 S Market Street FREDERICK, MD 21701

    • Price: $529,900
    • Status: Active
    • Updated: 40 min ago
    • ID#: MDFR214598
    0
    Beds
    4
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,975
    SQFT
    $133
    $/SQFT
    1900
    Built
    Neighborhood:
    Historic District
    County:
    Frederick
    Elementary School:
    Lincoln
    Middle School:
    West Frederick
    High School:
    Frederick High
    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.
    Exterior Features

    Architectural Style Colonial Construction Materials Brick Garage YN No Location Type Historic Lot Features ClearedRear Yard Other Structures Above GradeBelow Grade Parking Types DrivewayOn Street Patio And Porch Features Deck(S) Pool No Pool Property Condition As-Is Condition Riparian Rights YN No Road Responsibility City/County Roof Unknown View Street Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Unfinished Area 3975 Appliances DishwasherDryer - ElectricOven/Range - ElectricRefrigeratorWasherWater Heater Basement OtherOutside EntranceSide Entrance Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions N/A Fireplace YN No Flooring HardwoodPartially Carpeted Heating Hot Water Heating YN Yes Inclusions Seller Conveyance List Living Area 3975 Security Features Smoke Detector Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3 Units Furnished None Walls Ceilings Dry WallPlaster Walls

    Property Features

    Accessibility Features None Assessment Year 2018 Association YN No Central Air YN No Cooling Fuel Electric Cross Street Madison Electric 200+ Amp ServiceCircuit Breakers Electric Average Monthly 80.0 Electric Last12 Months 960.00 Elevators 0 Existing Lease Type Gross Foundation Details StoneBrick/Mortar Gross Income 51240.00 Heating Fuel Electric Historic YN Yes Hot Water Natural Gas Navigable Water YN N Net Operating Income 38995.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 301391968150 Owner Pays GasInsuranceLawn/Shrub CareManagementMiscellaneousRepairsSnow RemovalWaterTaxes - Real EstateCommon Area MaintenanceSewer Ownership Interest Fee Simple Possession Negotiable Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 6305.0 Tax Assessment Amount 353767.0 Total Actual Rent 51240.00 Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Window Features Wood Frame Zoning Dr

    Listing courtesy of Real Estate Teams, Llc.
    ©2019 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. 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: 2019-02-22T09:02:35.103.
     
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