Multifamily Investment Property

For Sale

227/229 North Brown Street, Fruitland, MD 21826

This Fruitland property for sale is located at 227/229 North Brown Street. The current listed sale price for Multifamily Investment Property is $455,000. Multifamily Investment Property is situated on a lot that is 0.16 acre in size.

Contacts

broker

Andrew Ball

SVN | Miller Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 2,274 SF
  • Units 2
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Year Built 2009
  • Year Renovated 2022
  • Date Updated Oct 29, 2024
From Business US-13 Turn Left onto Cedar Crossing/E Cedar Lane. At the traffic Circle continue to stay on E Cedar Lane & turn right onto N Brown Street. Duplex is on the left.Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and current market rent is $75-$100 higher per bedroom.

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Highlights

  • - 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.

Attachments

Getting around

  • 13/100

    Walk Score ®

  • 38/100

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Location

  • City Fruitland, MD
  • Neighborhood Fruitland
  • Zip Code 21826

Points of Interest

  • Exxon

    0.81 miles

  • Royal Farms

    0.86 miles

  • Sunoco

    1.68 miles

  • Valero

    2.51 miles

  • Shell

    2.57 miles

  • WAWA

    2.85 miles

  • Delmarva Power

    3.27 miles

  • Tesla Supercharger

    6.31 miles

  • Power St. Parking Lot N

    1.67 miles

  • Dogwood Parking Lot J

    1.71 miles

  • Dogwood Parking Lot D

    1.73 miles

  • Foundation Center Parking Lot

    1.76 miles

  • US Rt. 13 Parking Lot L

    1.80 miles

  • Parking Garage

    1.86 miles

  • University Analysis Reporting & Assessment Parking

    1.86 miles

  • Maggs Parking Lot

    1.87 miles

  • Camden Parking Lot E

    1.88 miles

  • Bateman Parking Lot K

    1.93 miles

  • Hampton Inn & Suites Salisbury/Fruitland

    0.67 miles

  • La Quinta Inn & Suites Salisbury

    3.30 miles

  • Microtel Inn & Suites by Wyndham Salisbury

    4.98 miles

  • Sleep Inn Salisbury

    5.12 miles

  • Country Inn & Suites

    5.15 miles

  • Residence Inn by Marriott Salisbury

    6.18 miles

  • Days Inn

    6.67 miles

  • Hampton Inn Salisbury

    6.85 miles

  • Motel 6

    6.92 miles

  • Americas Best Value Inn

    6.99 miles

  • Walmart Supercenter

    0.75 miles

  • Food Lion

    0.77 miles

  • Big Lots

    0.93 miles

  • Acme

    2.64 miles

  • Unión Latina

    2.65 miles

  • Caribbean Express Market

    2.77 miles

  • Save-A-Lot

    3.49 miles

  • Macy's

    6.02 miles

  • The Centre at Salisbury

    6.10 miles

  • Sears

    6.14 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Andrew Ball

SVN | Miller Commercial Real Estate