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104 Maple Avenue

CHESTERTOWN, MD 21620
  • $500,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: MDKE2001754
Open House
$500,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1927
County:

School Information

High School:
School District:

Description

List price to be opening bid at online only auction. Registration and bidding begins Thursday, August 18th and ends on Tuesday, August 23rd, 2022 @ 1:00 pm. 6-Unit Apartment Building Located in the +-+G++Chestertown+-+G+- Area of Kent County **Gross Annual Rent of $93,420** . Exceptional opportunity to purchase a 6-Unit Apartment Building. All the units are separately metered. Each upper level unit has access to a balcony. The units on the main level have access to the front porch. Most units have wood type floors. There is off street parking available. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. Current Gross Scheduled Monthly Rent: $7,650. Current Gross Scheduled Annual Rent: $93,420. Unit Information: All 6 units include 2 bedrooms, 1 full bath, a kitchen and a living area. Units 1 & 2 are located on the main level. Units 3 & 4 are located on the second level. Units 5 & 6 are located on the third level. The lower level is not occupied. The units on the main level and 3rd floor have central air and force hot air heat. The units on the 2nd level have mini-split A/C with heat. Rent Roll: Unit 1 (2 Bedrooms / 1 Bath): Currently Rented for $1,050/monthly. Unit 2 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Unit 3 (2 Bedrooms / 1 Bath): Currently Rented for $1,200/monthly. Unit 4 (2 Bedrooms / 1 Bath): Currently Rented for $1,350/monthly. Unit 5 (2 Bedrooms / 1 Bath): Currently Rented for $1,150/monthly. Unit 6 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Rent Increase: For unit 1 the Rent will increase from $1,050 to $1,185, starting August 1, 2022. ***Seller Expenses:Taxes: $5,316+/- for the year 2022. Projected water/sewer: $2,000+/- for the year 2022. Projected Propane Gas for Hot Water: $3,000+/- for the year 2022. Insurance: $2,579 for the year 2022. Projected Electric for common area: $700+/- for the year 2022.

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©2022 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 accurate by the MLS or Bright Home Group | Keller Williams. 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: 2022-08-14T07:10:17.253.
www.brighthomesdelmarva.com/homes/131312466
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104 Maple Avenue CHESTERTOWN, MD 21620

  • Price: $500,000
  • Status: Active
  • On Site: 17 Days
  • ID#: MDKE2001754
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1927
Built
County:
Kent
High School:
Kent County
School District:
Kent County Public Schools
Property Description
List price to be opening bid at online only auction. Registration and bidding begins Thursday, August 18th and ends on Tuesday, August 23rd, 2022 @ 1:00 pm. 6-Unit Apartment Building Located in the +-+G++Chestertown+-+G+- Area of Kent County **Gross Annual Rent of $93,420** . Exceptional opportunity to purchase a 6-Unit Apartment Building. All the units are separately metered. Each upper level unit has access to a balcony. The units on the main level have access to the front porch. Most units have wood type floors. There is off street parking available. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. Current Gross Scheduled Monthly Rent: $7,650. Current Gross Scheduled Annual Rent: $93,420. Unit Information: All 6 units include 2 bedrooms, 1 full bath, a kitchen and a living area. Units 1 & 2 are located on the main level. Units 3 & 4 are located on the second level. Units 5 & 6 are located on the third level. The lower level is not occupied. The units on the main level and 3rd floor have central air and force hot air heat. The units on the 2nd level have mini-split A/C with heat. Rent Roll: Unit 1 (2 Bedrooms / 1 Bath): Currently Rented for $1,050/monthly. Unit 2 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Unit 3 (2 Bedrooms / 1 Bath): Currently Rented for $1,200/monthly. Unit 4 (2 Bedrooms / 1 Bath): Currently Rented for $1,350/monthly. Unit 5 (2 Bedrooms / 1 Bath): Currently Rented for $1,150/monthly. Unit 6 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Rent Increase: For unit 1 the Rent will increase from $1,050 to $1,185, starting August 1, 2022. ***Seller Expenses:Taxes: $5,316+/- for the year 2022. Projected water/sewer: $2,000+/- for the year 2022. Projected Propane Gas for Hot Water: $3,000+/- for the year 2022. Insurance: $2,579 for the year 2022. Projected Electric for common area: $700+/- for the year 2022.
Exterior Features

Construction Materials Other Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7296.00 Cooling Central A/COther Heating Hot WaterOther Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Other Hot Water Other Municipality Chestertown Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 801767171240 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Auction Sewer Public Sewer Tax Annual Amount 5316.00 Tax Assessment Amount 341000.00 Vacation Rental YN No Water Source Public Zoning R-3

Listing courtesy of Alex Cooper Auctioneers, Inc..


©2022 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 accurate by the MLS or Bright Home Group | Keller Williams. 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: 2022-08-14T07:10:17.253.
 
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