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28646 Old Quantico Road

SALISBURY, MD 21801
  • $444,900
  • STATUS: Active
  • ON SITE: 109 days
  • ID#: MDWC112358
UPDATED: 47 min ago
$444,900
  • 0
    BEDS
  • 1.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1935
County:

School Ratings & Info

Description

28646 Old Quantico Rd Units #1 through #7 and the Single Family Home at 28650 Old Quantico Rd are included in this sale. All but two of the units are subject to the current lease agreements. One of the vacant units is under construction and is roughly 80% remodeled. The other vacant unit is totally gutted. This apartment complex is made of four separate buildings. Building one is made up of 4 units, building two has 1 unit, building three has 2 units and then there's the single family 4br/1.5ba home. All together there is a little over 1ac of land that backs up to the river. There are two common area yards. Each unit has its own electrical meter. This complex is currently generating a positive cash flow but there is plenty of room for improvement and the ability to increase the rents. Financials available upon request.

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©2021 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: 2021-07-26T11:56:06.757.
www.brighthomesdelmarva.com/homes/115833999
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28646 Old Quantico Road SALISBURY, MD 21801

  • Price: $444,900
  • Status: Active
  • Updated: 47 min ago
  • ID#: MDWC112358
0
Beds
0
Baths
0
½ Baths
1.16
Acres
1935
Built
Neighborhood:
Wicomico Northwest (23-01)
County:
Wicomico
Area:
Wicomico Northwest (23-01)
School District:
Wicomico County Public Schools
Property Description
28646 Old Quantico Rd Units #1 through #7 and the Single Family Home at 28650 Old Quantico Rd are included in this sale. All but two of the units are subject to the current lease agreements. One of the vacant units is under construction and is roughly 80% remodeled. The other vacant unit is totally gutted. This apartment complex is made of four separate buildings. Building one is made up of 4 units, building two has 1 unit, building three has 2 units and then there's the single family 4br/1.5ba home. All together there is a little over 1ac of land that backs up to the river. There are two common area yards. Each unit has its own electrical meter. This complex is currently generating a positive cash flow but there is plenty of room for improvement and the ability to increase the rents. Financials available upon request.
Exterior Features

Construction Materials AsphaltBlockCombinationShingle SidingT-1-11Vinyl Siding Garage YN No Lot Features Backs - Open Common AreaCleared Parking Features Private Parking Types Parking Lot Property Condition Good Road Responsibility StatePublic Road Surface Type Paved Roof Architectural Shingle View River Water Access YN Yes Water Body Name Wicomico River Water Body Type River Water Oriented YN Yes Water View YN Yes Waterfront YN Yes

Interior Features

Building Area Total 6048.00 Cooling Central A/CWall UnitWindow Unit(S) Flooring Laminated Heating Baseboard - ElectricHeat Pump(S) Heating YN Yes Net Square Feet 6048.00

Property Features

Accessibility Features 2+ Access Exits32"+ Wide Doors36"+ Wide Halls Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Foundation Details BlockSlabCrawl Space Heating Fuel Electric Hot Water Electric Incorporated City Name Salisbury Insurance Expense 2500.00 Navigable Water YN N Net Operating Income 36449.72 New Construction YN No Number Of Units Total 8 Operating Expense Includes Insurance Original MLSNumber 304545486990 Ownership Interest Fee Simple Possession Coin W/Sell Sett Property Sub Type Five Or More Units Sale Type Standard Sewer Private/Community Septic Tank Tax Annual Amount 2982.00 Tax Assessment Amount 286600.00 Tax Lot 2 Total Actual Rent 42300.00 Utilities Cable Tv AvailableElectric AvailableNatural Gas AvailablePhone Available Vacation Rental YN No Water Source Private/Community WaterWell Year Built Effective 2020 Zoning Ar

Listing courtesy of Keller Williams Realty Of Delmarva-Salis.


©2021 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: 2021-07-26T11:56:06.757.
 
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Delmar DE, 19940