$285,000
$315,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
6.84 Acres Lot
SOLD DATE : 03/06/2024
Key Details
Sold Price $285,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Federalsburg
MLS Listing ID MDCM2002506
Sold Date 03/06/24
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Tax Year 2022
Lot Size 6.840 Acres
Acres 6.84
Property Description
REDUCED Income producer - acreage with straight on water views of the Marshyhope River. Currently serviced by town water and sewer with potential available for redevelopment. Currently generating income from 12 single family homes. (9 currently rented) The houses have a stable rental history. Homes are in fair to good condition -most registered and lead painted. Most have new windows. Electric baseboard heat. There is a laundry house that generates additional income. Barn and large outbuilding for storage or additional income.
Federalsburg is a centrally located and growing community.
Location
State MD
County Caroline
Zoning R2
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
View Water
Accessibility Level Entry - Main
Parking Type Driveway
Garage N
Building
Lot Description Trees/Wooded, Cleared
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Caroline County Public Schools
Others
Tax ID 05-004462
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Valerie P Brown • Charles C. Powell, Inc. Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "